Suffolk Bancorp (SUBK) Tops Q2 EPS by 8c
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Suffolk Bancorp Reports Second Quarter 2015 Results
July 22, 2015 8:01 AM EDTSecond Quarter 2015 Highlights
Net income increased by 35.7% to $5.1 million versus second quarter 2014Total loans outstanding increased by 6.8% versus first quarter 2015 and 23.5% versus second quarter 2014Demand deposits increased by 12.3% versus first quarter 2015 and represented 45% of total deposits at June 30, 2015Maintained exceptionally low cost of funds of 0.18% during second quarter 2015Non-accrual loans declined to 0.37% of total loans versus 0.89% of total loans in first quarter 2015Tangible book... More