Willimantic lender SI Financial Inc. posted a dip in second-quarter earnings due to lower interest on loans and securities and a greater set aside for problem loans.
For three months ended June 30, the parent of Savings Institute Bank and Trust netted $670,000, or 7 cents, a diluted share, down from $707,000, or 7 cents a share, netted the same period last year.
The bank ended the quarter with assets totaling $957.2 million vs. $955 million.
Separately, SI declared a 3-cents-a-share dividend to be paid on or about Aug. 27 to stockholders of record by Aug. 6.
