The parent of Simsbury Bank & Trust Co. Inc. posted flat fourth-quarter net income on its way to strong full-year 2015 net, fueled by its expanded mortgage-banking operations.
For three months ended Dec. 31, SBT Bancorp Inc. said Friday it netted $364,000, or 30 cents a diluted share, vs. $354,000, or 37 cents a share, netted the final quarter of 2014.
For the full 2015, SBT netted $1.4 million, or $1.36 a diluted share, up from $805,000, or 79 cents a share, netted in 2014.
“The bank’s 2015 performance showed strong improvement from 2014,” said SBT President and CEO Martin J. Geitz.
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SBT ended 2015 with assets of $444.8 million vs. $408.8 million at close of 2014.
