SBT Bancorp Inc., parent of Simsbury Bank & Trust, posted record third-quarter net income, fueled by rising deposits and loans.
For three months ended Sept. 30, SBT said Wednesday it netted $506,000, or 55 cents a diluted share, nearly double the $258,000, or dime a share, netted the same quarter last year.
President and CEO Martin J. Geitz said the profit was the most ever in a single quarter in its history.
Loans outstanding at quarter-end totaled $227 million, up 8 percent from a year earlier.
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Deposits rose 5 percent, to $333 million.
