Lyons Bancorp, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
March 23, 2012 at 07:45 pm EDT
Share
Lyons Bancorp, Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income of $4,585,000 and income before income taxes of $1,833,000 against $2,019,000 a year ago. Net income was $1,334,000 or $1.46 per dilutive share. Return on average assets was 0.97% and return on average equity was 14.27%.
For the full year, the company reported net interest income of $17,562,000 against $17,089,000 for the same period a year ago. Income before income taxes was $6,898,000 against $5,652,000 a year ago. Net income was $5,138,000 or $5.64 per dilutive share against $4,168,000 or $4.86 per dilutive share a year ago. Book value per basic common share was $41.67 against $36.73 a year ago. Book value per dilutive common share was $38.52 against $36.73 a year ago. Return on average assets was 0.96% against 0.85% a year ago. Return on average equity was 14.47% against 13.01% a year ago.
Lyons Bancorp, Inc. is a financial holding company, which operates through its banking subsidiary, The Lyons National Bank (the Bank). The Bank is a community bank, which offers personal banking, business banking and financial services. Its personal banking includes personal banking, personal checking, personal savings, personal mortgage center, online and mobile banking, credit card, LNB Classic VISA, LNB Rewards VISA, personal loans, home improvement, auto loans, personal line of credit, home equity loan, personal mortgage center, and others. Its business banking includes business checking, business savings, business account services, online cash management, merchant services and mobile applications. The Bank has offices in Clyde, Lyons, Macedon, Newark, Ontario, and Wolcott in Wayne County, Jordan in Onondaga County, Canandaigua, Farmington and Geneva in Ontario County, Penn Yan in Yates County, Waterloo in Seneca County, Fairport in Monroe County, and Auburn in Cayuga County.