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Article Excerpt
PHSB Financial Corporation (the "Company") , announced today operating results for the nine months ended September 30, 2004. Net income for the nine months ended September 30, 2004 was $2,206,000, or $.82 basic and $.78 diluted earnings per share, compared to $1,905,000 or $.71 basic and $.68 diluted earnings per share, for the nine months ended September 30, 2003. Net interest income decreased by $230,000 or 3.5%. This decrease was more than offset by an increase in gains on sales of securities from $1,011,000 for the nine months ended September 30, 2003 to $1,772,000 for the nine months ended September 30, 2004.
Total assets at September 30, 2004 of $337.5 million represented a decrease of $2.5 million or 0.7% from December...
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