Dimeco, Inc. Reports Earnings Results for the Nine Months Ended September 30, 2015
October 30, 2015 at 08:14 am EDT
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Dimeco, Inc. reported earnings results for the nine months ended September 30, 2015. For the period, the company reported net income of $3.3 million. This resulted in a return on average assets of 0.73%, a return on average shareholders' equity of 6.52%, with earnings per share of $2.02.
Dimeco, Inc. is a bank holding company of The Dime Bank (the Bank). The Bank is a state-chartered bank and operates from approximately seven locations in northeastern Pennsylvania. It offers banking and bank-related services, including residential real estate, commercial mortgage, commercial and consumer financing, as well as interest earnings on investment securities. The Company, through its subsidiary, provides deposit services including checking, savings and certificate of deposit accounts and investment services. It offers a range of loans, such as consumer loans, home equity loans, mortgage loans, construction loans, and student loans. It provides business line of credit, business term loan, business vehicle loan, business equipment loan, capital improvement loan, and commercial real estate loan. Its online and mobile banking features include bill pay, voice bill pay, mobile wallet, external transfers, mobile deposit, e-statements and debit cards. It also offers merchant service.
DIMECO, INC. 