SBT Bancorp Inc. posted higher second-quarter net, fueled with gains from loans and dividends.
For three months ended June 30, Simsbury Bank’s parent said Thursday it netted $115,000, or a dime a diluted share, up from $78,000, or 6 cents a share, netted the same quarter a year ago.
Net interest and dividend income for the quarter ended June 30, 2014 amounted to $2,776,000, an increase of 4.1% from a year earlier.
Loans on its books at June 30 totaled $282 million vs. $255 million a year ago.
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Quarter-end assets were $403 million compared to $382 million a year earlier.
