Ballston Spa Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $690,000 or $0.93 per share, down from the $996,000 or $1.34 per share reported for the same period in 2013. The company noted that earnings performance in the first quarter of 2013 was positively impacted by a large one-time gain on the sale of the bank's former operations center.

Absent this transaction, financial results in 2014 were positively impacted by growth in trust and investment income, total deposits, and commercial and residential lending.