Integrity Bank reports 16% return
CAMP HILL, PA -
Integrity Bancshares, Inc., the parent company of Integrity Bank, reported net income of $1.4 million for the first quarter of 2012. This is an increase of 24% over the $1.2 million for the first quarter of 2011.
For the same time periods assests grew 14% to $628 million from $550 million. Deposits grew 15% from $487 million in March 2011 to $559 million in March 2012. Loans reached a new high of $530 million for the first quarter of 2012, up 7% from the same quarter of the prior year of $495 million.
President and CEO James T. Gibson stated, “We are really pleased to provide our shareholders a growing return on equity of 16.44%, up from 15.50% we delivered in 2011. This level of growth in all areas reflects the market’s desire for good community banks.”
Integrity Bank has offices in Cumberland, Dauphin, York, and Lancaster counties.