This Week
  • Small-business lending plays an increasingly important role here.

  • Business programs at local colleges and universities work ethics into the curriculum.

  • Under President and CEO Robert Schick, Lyons National Bank approaches a key milestone.

  • As a financial adviser for Northwestern Mutual, James Farley thrives on connecting with clients.

  • A.E.Y. Enterprises Inc.'s game plan going forward is to continue to improve efficiencies.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

Fairport Savings Bank parent sees huge net income jump

Rochester Business Journal
July 31, 2014

The holding company of Fairport Savings Bank reported a nearly 400 percent increase in net income for the second quarter.

FSB Community Bankshares Inc. reported net income of $144,000, or 8 cents a share for the quarter ending June 30, up from $29,000 or 2 cents a share in 2013.

The increase was buoyed by a $238,000 jump in net interest income and a $48,000 increase in other income, the bank reported. Those improvements were offset by an $85,000 increase in other expenses, a $7,000 increase in the provision for bad loans and a $79,000 increase in income tax expense.

Fairport Savings Bank is headquartered in Fairport, with branches in Penfield, Webster, Irondequoit and Perinton.

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


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google