Highlands Bancorp Releases 2nd Quarter 2014 Financial Results
Proquest LLC |
In its release on
Second quarter 2014 net income available to common stockholders was
The comparable six month results reflect net income available to common stockholders for 2014 of
The second quarter 2013 and year-to-date 2013 results were positively impacted by partial reversals of the Company's valuation allowance on deferred tax assets of
Net interest income increased by
For the first six months of 2014, net interest income was
The higher provision for loan losses in 2014 is due to increased loan portfolio balances and management's continued assessment of the reserves maintained on non-performing loans.
Loan charge-offs were
Non-interest income for the second quarter and first six months of 2014 increased
Non-interest income for the second quarter and the first six months of 2013 also reflected writedowns on foreclosed properties ("OREO"). Non-interest expenses increased by
The Company said its total assets were
Deposits increased
Net loans outstanding on
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