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Article: First Internet Bancorp Announces Third Quarter Earnings.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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First Internet Bancorp ("Bancorp"), the parent company of First Internet Bank of Indiana ("Bank"), announced a net loss of $208,806 for the quarter ended September 30, 2009, resulting in a year-to-date net loss of $154,504.
"This quarter's results are mixed," said David B. Becker, Chairman and CEO. "On the positive side, our non-interest income and net interest income have improved considerably. However, our provision for loan losses more than offset those gains. We have remained disciplined with our controllable expenses, but credit losses eroded earnings."
Net interest income and non-interest income increased over 2008 levels on a comparative basis ...