Mid Penn Bancorp Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
January 24, 2013 at 03:18 pm EST
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Mid Penn Bancorp Inc. reported earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net interest income of $5,771,000 against $5,831,000 for the same period last year. Net income available to common shareholders was $1,062,000 or $0.30 per diluted share against $1,223,000 or $0.35 per diluted share for the same period last year. Return on average equity was 8.28% against 10.17% for the same period last year.
For the year, the company reported net interest income was $23,241,000 against $22,023,000 for the same period last year. Net income available to common shareholders was $4,437,000 or $1.27 per diluted share against $4,029,000 or $1.16 per diluted share for the same period last year. Return on average equity was 8.92% against 8.96% for the same period last year.
Mid Penn Bancorp, Inc. is a financial holding company. Its operations are conducted by Mid Penn Bank and its nonbank subsidiaries are engaged in commercial banking and trust business. It provides full-service commercial banking and financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development and local government loans and various types of time and demand deposits. It offers services to commercial businesses and real estate investors, consumers, nonprofit organizations, and municipalities through its 49 full-service retail banking properties. Its investment portfolio includes the United States Treasury and United States government agencies, mortgage-backed United States government agencies, and corporate bonds. It also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes.
MID PENN BANCORP, INC. 
