News Column

BRIEF: Codorus Valley Bancorp says second-quarter numbers up

July 16, 2014

By Brett Sholtis, York Daily Record, Pa.



July 16--Codorus Valley Bancorp, the parent company of PeoplesBank, announced a second quarter net income available to common shareholders of $2.7 million, up from $2.5 million in the second quarter of 2013.

The company attributed the 7 percent increase in net income to an increase in the volume of earning assets and a decrease in interest paid on deposits.

Diluted earnings are at $0.49 per common share, down from $0.54 last June.

Codorus Valley Bancorp's total assets are $1.2 billion, up 9 percent from June 30, 2013.

Their subsidiary, PeoplesBank, also purchased a building at 3100 Market Street, Camp Hill. The building will be used for a business banking center, the company said in a press release.

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(c)2014 York Daily Record (York, Pa.)

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Source: York Daily Record (PA)


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