News Column

BRIEF: Profit up at Neffs bank

August 22, 2014

By Sam Kennedy, The Morning Call (Allentown, Pa.)



Aug. 22--Neffs Bancorp reported an increase in second quarter profit Friday.

Net income was $1.13 million, up 5 percent over the second quarter of last year.

Net income for the first six months of this year was $2.25 million, also up 5 percent.

Neffs Bancorp is the parent company of the one-branch Neffs National Bank in Neffs, which is in North Whitehall Township. In 2011, it bought out its smaller shareholders so it could deregister the company's common stock and save about $150,000 a year in regulatory compliance costs.

It reported assets of $310 million at the end of the second quarter.

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Source: Morning Call (Allentown, PA)


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