Kish Bancorp, Inc. Announces Unaudited Financial Results for the Year Ended December 31, 2016
January 30, 2017
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Kish Bancorp, Inc. announced unaudited financial results for the year ended December 31, 2016. Net income for 2016 reached a new high at $4.617 million, an increase of $0.123 million, or 2.74%, compared to $4.494 million in 2015. For the year, the net interest margin was 3.31%, compared to 3.29% for 2015. Net interest income after allowance rose to $20.34 million, an increase of $0.912 million, or 4.69%, from $19.43 million the prior year.
Kish Bancorp, Inc. is a diversified financial service company. Kish Bank, a subsidiary of the Company, operates approximately 18 offices and financial centers serving Centre, Mifflin, Huntingdon, Blair, and Juniata counties, and northeastern Ohio. In addition to Kish Bank, other business units include Kish Insurance, an independent property and casualty insurance agency; Kish Financial Solutions, which offers trust, fiduciary, and wealth management advisory services; Kish Benefits Consulting, which provides employee benefits consulting services; and Kish Travel, a full-service travel agency. Its personal services include personal banking, personal loans and credit, wealth management, insurance and travel. It also provides business banking, business loans and credit, business financial solutions, commercial insurance and benefits consulting. Its personal banking solutions include personal checking accounts, personal savings accounts, cards and digital tools.