Wednesday, 10 April 2013 11:01

Ballston Spa Bancorp, Inc. Reports 2012 Earnings

By Staff Report | Business

BALLSTON SPA — Ballston Spa Bancorp, Inc., parent company of Ballston Spa National Bank recently reported that net income for the year ending December 31, 2012 increased to $2.2 million or $2.97 per share, up 1.4% from the $2.93 per share reported in 2011. Several factors contributed to the improved performance including strong loan production, increased noninterest income and effective cost management.

“With an experienced team of banking professionals and strong financial performance, BSNB is well positioned to meet the growing needs of individuals and businesses in our market,” stated Christopher R. Dowd, President and CEO.  “For 2013 and beyond, we remain focused on enhancing the service and support we provide to our customers and community.”

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