FNCB Reports Second Quarter Earnings.
DUNMORE Dunmore, borough (1990 pop. 15,403), Lackawanna co., NE Pa., an industrial suburb of Scranton; inc. 1783. Coal mining there has largely been replaced by clothing and textile manufacture. , Pa. -- First National Community Bancorp (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :FNCB FNCB First National Community Bank (Dunmore, PA)
FNCB First National City Bank ) reported second quarter earnings of $3.5 million, a decrease from the prior quarter and the same three month period of last year. Declining interest rates have led to stable net interest income, while rising costs associated with branch expansion contributed to the reduced earnings. Also contributing to the lower earnings was a $250,000 increase in the provision for credit losses during the second quarter, reflecting the company's approach for dealing with the current economic downturn Downturn
The transition point between a rising, expanding economy to a falling, contracting one.
A decline in security prices or economic activity following a period of rising or stable prices or activity. . Basic earnings per share were 22 cents in the second quarter, down from the 27 cents reported for the first quarter and 24 cents recorded in the same three month period of last year. Net income for the first half of 2008 was $7.7 million, a $337,000, or 5% increase over the first six months of 2007.
First National Community Bank conducts business from twenty offices covering Lackawanna, Luzerne, Wayne and Monroe counties Monroe County is the name of seventeen counties in the United States, named after President James Monroe: