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Fairport Savings Bank parent sees net income jump

Rochester Business Journal
May 5, 2014

The mid-tier stock holding company for Fairport Savings Bank reported a jump in first-quarter net income.

FSB Community Bankshares Inc. reported earnings of $79,000, or a nickel a share, compared with net income of $7,000, or 0 cents a share, in the first quarter 2013.

The increase was driven by an 18 percent spike in net interest income, to $1.67 million in the most recent quarter, the bank reported last week.

Fairport Savings Bank ranks 13th in the Rochester market with local deposits of $314.6 million, data from the Federal Deposit Insurance Corp. shows.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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