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Investar parent reports fall in earnings

9 months ago Friday, July 25, 2014 8:31:54 AM CDT July 25, 2014 Friday, July 25 2014 Jul 25, 2014 in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - The parent of Investar Bank says its second-quarter earnings fell to $1.1 million or 26 cents a share from $1.7 million of 44 cents a share in the same period a year ago.

Baton Rouge-based Investar Holding Corp. said the year-ago results included a $900,000 one-time gain booked after the acquisition of First Community Bank.

Investar CEO John D'Angelo says the company recorded growth in loans and deposits during 2014's second quarter, ending June 30.

Deposits during the quarter rose to $578.7 million. The bank issued $564 million in loans during the quarter.

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