Little Bank Inc. Reports Unaudited Earnings Results for Fourth Quarter and Full Year Ended December 31, 2013
For the year, the company's net income available for common shareholders was $2,672,000 or $0.90 per basic common share against $2,001,000 or $0.67 per basic common share a year ago. Net interest income was $10,225,000 against $10,499,000 a year ago. Net interest income after provision for losses was $10,282,000 against $9,684,000 a year ago. Income before taxes was $4,182,000 against $3,819,000 a year ago. The company's earnings were driven by decreased loan-loss provision, reflecting continued excellent credit quality within the Bank's loan portfolio.