WYALUSING, Pa., May 12, 2014 /PRNewswire/ -- Anthony J. Gabello, President and Chief
Executive Officer of Peoples LTD, holding company for PS Bank, has
announced results for the first quarter 2014. Consolidated
net income year-to-date was $654,000,
or $1.31 earnings per share, compared
to first quarter 2013 net income in the amount of $549,000 or $1.10
per share as adjusted for the 5% stock dividend at year-end
2013.
Year-to-date return on assets was 0.95% as of March 31, 2014 compared to 0.88% for the same
period in 2013. Year-to-date return on equity was 11.70% as
of March 31, 2014 compared to the
prior year-to-date of 10.30%.
Total assets increased to $280,700,000 from $271,477,000 as of December 31, 2013. Deposits increased to
$240,298,000 compared to $231,621,000 as of December 31, 2013. Loans increased to
$174,239,000 from $172,112,000 at year ending 2013.
Note: This press release may contain forward looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Actual results and trends could differ
materially from those set forth in such statements due to various
factors. These factors include operating, legal and
regulatory risks; changing economic and competitive conditions and
other risks and uncertainties.
Peoples LTD is the holding company for PS Bank. PS Bank
is an independent community bank, established 1914, with branch
locations throughout Bradford,
Sullivan and Wyoming
Counties. Stock of Peoples LTD has a book value as of
$45.54 as of March 31, 2014. Peoples LTD is traded in
the Over-the-Counter market under the symbol PPLL. Learn more
about PS Bank at www.PSBanking.com.
SOURCE Peoples LTD
