- Net Profit of $664,000 for First Six Months of 2010
- Loan Portfolio Increases 32.0% Year to Date
- Total Deposits Rise 50.7% for the First Six Months of 2010
- New Westchester Branch Garners Over $9.0 Million in Deposits in Less than One Month
Middletown, NY, August 11, 2010 -- Greater Hudson Bank, N.A. (the "Bank") (GHDS:PK), with assets of $245.3 million, today reported net income for the three and six months ended June 30, 2010 of $505,000 and $664,000, respectively. This marks the fifth consecutive quarter of profitable results as the Bank continues on a path of sustained profitability. It was a year ago that the Bank reported the first profitable quarter in its history. Net income per common share for the three and six months ended June 30, 2010 was $0.05 and $0.07, respectively. Return on average common stockholders’ equity was 6.80 percent for the second quarter of 2010.