White River Bancshares Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2019; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2019
For the year, the company reported net income increased 12.5% to a record $5.1 million, or $5.28 per diluted share, compared to $4.6 million, or $4.74 per diluted share, in 2018.
Net loan charge-offs were $826,800 in the fourth quarter of 2019, compared to net loan recoveries of $13,700 in the third quarter of 2019 and net loan recoveries of $408,900 in the fourth quarter a year ago.