The improved earnings performance is attributable to several factors including an increase in retail brokerage income, growth in the commercial and residential lending portfolios and a sizeable gain on the sale of the company’s former operations center.
Thursday, 30 May 2013 07:04
Ballston Spa Bancorp Reports First Quarter Earnings
BALLSTON SPA — Ballston Spa Bancorp, Inc., parent company of Ballston Spa National Bank recently reported that net income for the three-month period ending March 31 totaled $995 thousand or $1.34 per share, up 88 percent from the $529 thousand or $0.71 per share reported for the same period in 2012.
