Mid Penn Bancorp, Inc. MPB, the parent company of Mid Penn Bank, today reported net income available to common shareholders for the fourth quarter of $613,000, or $0.17 per common share, an increase of 116.6% over the net loss available to common shareholders of ($3,684,000), or ($1.06) per common share, reported during the same period of 2009.
Mid Penn's net income available to common shareholders for the year ended December 31, 2010 was $2,234,000, or $0.64 per common share, an increase of 179.5% over the net loss available to common shareholders of ($2,809,000), or ($0.81) per common share, reported for the year ended December 31, 2009.
Mid Penn also reported increases of $31,447,000, or 11.0%, in total deposits and $54,967,000, or 5.2%, in total assets at December 31, 2010 versus December 31, 2009.
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