First Community Financial reports first quarter earnings
MIFFLINTOWN — Scott E. Fritz, president and chief executive officer of First Community Financial Corporation, announced unaudited net income for the first quarter of 2017 was $985,000, an increase of 156,000, or 18.8 percent, as compared to the first quarter of 2016.
This equates to $0.70 per common share for the first quarter, which ended March 31, 2017, compared to $0.59 per common share for the first quarter of 2016. Total assets at March 31, 2017 were $483 million, an increase of $5 million compared to Dec. 31, 2016.
Net loans increased $11 million or 3.4 percent since Dec. 31, 2016. Deposits grew by $1 million or 0.3 percent during the first
quarter of 2017.