While Wells Fargo and Chase, two of the Tampa Bay area?s largest banks, are reporting better than expected earnings, a couple of smaller institutions also showed income gains for the second quarter of 2013.
Florida Traditions Bank in Dade City had $884,000 in net income for the three months ended June 30, compared to $401,000 in the second quarter of 2012, according to regulatory filings. Income also was about double for the first half of 2013 ? $1.4 million for the six months ended June 30, compared to $754,000 for the year-ago period.
Total assets at Florida Traditions at June 30 were $287 million, a 13 percent increase from a year ago.
Florida Shores Bank-Southwest in Venice had $570,000 in 2Q 2013 net income, compared to $455,000 in the same period last year. For the first half of 2013, the bank?s net income was $905,000, compared to $585,000 in the year-ago period.
Florida Shores Bank-Southwest saw assets grow 7.9 percent year-over-year, to $375.75 million as of June 30.
Florida Shores and Florida Traditions were the only local banks to file second-quarter 2013 reports as of mid-day July 12.
Wells Fargo & Co. (NYSE: WFC), the No. 2 retail bank in the Tampa Bay area, reported second-quarter net income of $5.5 billion, up 19 percent over the second quarter of 2012, according to the Charlotte Business Journal.
Second quarter net income at JPMorgan Chase & Co. (NYSE: JPM), the ninth-largest bank in the Tampa Bay area, was $6.5 billion, up 30 percent from the year-ago period, a statement from the bank said.
Margie Manning is Quality and Content Editor of the Tampa Bay Business Journal. She also covers banking, finance and professional services.
Source: http://feeds.bizjournals.com/~r/bizj_tampabay/~3/Yvp7FU0AsNc/florida-traditions-florida-shores.html
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