| 09/2007 |
Net income for the quarter ended September 30, 2007 was $1,080,000 or $0.38 per share-basic, compared to $854,000, or $0.29 per share-basic, for the same quarter in 2006, an increase of $226,000, or 26.5%.
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| 06/2007 |
Net income for the quarter ended June 30, 2007 was $816,000, or $0.54 per share-basic, compared to $756,000 or $0.51 per share-basic, for the same quarter in 2006, an increase of $60,000 or 7.9%..
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| 03/2007 |
Net income for the quarter ended March 31, 2007 was $846,000, or $0.57 per share-basic, compared to $1,080,000, or $0.72 per sharebasic, for the same quarter in 2006, a decrease of $234,000.
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09/2006 |
Net income for the quarter ended September 30, 2006 was $854,000, or $0.57 per sharebasic, compared to $877,000, or $0.58 per share-basic, for the same quarter in 2005, a decrease of $23,000, or 2.6%. Net income for the nine months ended September 30, 2006 was $2,690,000, or $1.80 per share-basic, compared to $2,604,000, or $1.73 per share-basic, for the nine months ended September 30, 2005, an increase of $86,000, or 3.3%.
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| 06/2006 |
In June we completed our third quarter as Northway Bank, and reaction from customers to this consolidation and name change leads us to believe that our new name and organization have been well received.
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03/2006 |
We are pleased to report that the financial results for the first quarter reflect the several significant steps we took in the last half of 2005 to position the Company for improved earnings, including the consolidation of our two operating subsidiaries into Northway Bank; the closure of two supermarket branches; and the sale of the former Pemigewasset National Bank headquarters in Plymouth, New Hampshire.
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09/2005 |
Net income for the quarter ended September 30, 2005 was $877,000, or $0.58 per share-basic, compared to $977,000, or $0.65 per share-basic, for the same quarter in 2004, a decrease of $100,000 or 10%. Net income for the nine months ended September 30, 2005 was $2,604,000, or $1.73 per share-basic, compared to $2,454,000, or $1.64 per share-basic, for the nine months ended September 30, 2004, an increase of $150,000 or 6%.
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| 06/2005 |
The second quarter results are encouraging. The 21% improvement in earnings over the second quarter of 2004 continues the improvement achieved in the first quarter of 2005. This earnings enhancement reflects our emphasis on increasing the amounts of other noninterest income.
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