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blueharbor 3Q net up 31%

Nov. 4. blueharbor bank has reported net income climbed 31 percent to $868,743 compared to $661,152 reported during the third quarter of 2018.  For the nine months ended Sept. 30, the bank is reporting net income rose 14 percent to $2,163,622  compared to $1,887,058 during the first nine months of 2018.

Jim Marshall, president and CEO said  earnings and expense control were  “very solid,” but yields are beginning to be impacted by the lower interest rate environment.

“Credit quality remains excellent with nonperforming assets at less than one third of one percent,” Marshall said.

Total assets were $239.6 million.

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