Ocean City bank earnings - Press of Atlantic City: Southern New Jersey Business & Money - PressofAtlanticCity.com

Ocean City bank earnings

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, April 24, 2014 9:30 pm

Ocean Shore Holding Co., parent of Ocean City Home Bank, announced earnings of $1.6 million ($0.24 per share) in the first quarter, compared to $1.2 million ($0.18 per share) in the period last year. “Our loan portfolio increased 1.7 percent in the first quarter, which is typically a period of lower demand,” Steven E. Brady, president and CEO, said in a statement. “Asset quality remained excellent, as nonperforming assets declined from 0.55 percent at year end to 0.47 percent at the end of the first quarter.”

Thank you for continuing to visit pressofac.com. You have reached your monthly article limit. To continue reading, subscribe for unlimited access.

Unlimited
Digital Access

30 Day Trial Only 99¢

Learn More

7 Day Home Delivery
+ Unlimited Digital Access

$17.75 per month

Learn More

You must login to view the full content on this page.

© 2016 Press of Atlantic City. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Thank you for continuing to visit pressofac.com. You have reached your monthly article limit. To continue reading, subscribe for unlimited access.

Unlimited
Digital Access

30 Day Trial Only 99¢

Learn More

7 Day Home Delivery
+ Unlimited Digital Access

$17.75 per month

Learn More

loading...

Upcoming Events

CREATE AN EVENT

Reader Poll

previous polls »

Loading…