Lighthouse Bank Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
January 23, 2015 at 03:11 pm EST
Lighthouse Bank reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the bank posted a $667,000 profit, representing the 22nd successive quarter of profitable operations for the seven-year old Bank.
For the year, profit was $2.4 million and represented a 5% increase in earnings compared to the prior year. Return on average equity for the year was 10.01%.