Business

blueharbor reports much higher net

July 15. Mooresville-based blueharbor bank reports second-quarter net income of $284,352, or $0.10 per diluted share, compared to $174,743, or $0.06 during the same quarter last year. For the first half, the bank reported net income of $562,859, or $0.19 per diluted share, vs. $353,220, or $0.12 per diluted share, last year.

For the first half of 2016, year-over-year income growth was nearly 60 percent. Assets grew 12 percent from June 30 of last year to June 30 this year.  “So far this year, our gross loans have increased 5.0 percent, from $125.5 million at Dec. 31, 2015, to $131.8 million at June 30,” said Jim Marshall, president and CEO. Total deposits have increased 3.6 percent, reaching to $135.8 million at June 30 this year. The bank, which has $162.1 million in assets, has branches in Huntersville and Statesville with a loan production office in Charlotte.

Earnings-Release-20160630-FINAL-3

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