Dunmore, PA - February 4, 2009. First National Community Bancorp, Inc., the parent company of Dunmore based First National Community Bank, reported 2008 earnings of
$15.1 million which is $387,000 higher than the 2007 earnings of $14.7 million. Loans outstanding increased $59 million and contributed to an $895,000 improvement in net interest income before providing for credit loses. Fee income increased $430,000 over the 2007 total and gains from the sale of loans and investments added $2.1 million to 2008 earnings. The company's Return on Assets (ROA) was 1.16% in 2008 and the Return on Equity (ROE) was 13.98%. Basic earnings per share improved from $.94 in 2007 to $.95 in 2008.
Total assets increased $18 million in 2008 to $1.314 billion. The cash dividends per share increased 10% to $.46 in 2008 as compared to $.42 in 2007.
FNCB currently operates from 20 community branch offices located in Lackawanna, Luzerne, Monroe and Wayne Counties. FNCB plans further expansion in 2009 with new locations in Dunmore, PA, Lackawanna County and Monroe County.
First National Community Bank | Established 1910 |
102 East Drinker Street Dunmore, Pennsylvania 18512 | 1-877-879-3622