Article: Premier Bancorp Announces Second Quarter 2001 Earnings Up 21% Over First Quarter 2001, Assets Grow to Over $400 Million.

Business Editors

DOYLESTOWN, Pa.--(BUSINESS WIRE)--July 31, 2001

Premier Bancorp, Inc. (AMEX:PPA), parent company of Premier Bank, announced today net income for the second quarter ended June 30, 2001 of $565,000 or $.16 per common share on a diluted basis, an increase of 21% compared to $464,000 or $.14 per share for the first quarter 2001.

For the six months ended June 30, 2001 net income was $1,029,000 or $.30 per common share on a diluted basis compared to $1,007,000 or $.29 per share for the same period in 2000.

Total assets grew to $401 million at June 30, 2001, an increase of $46 million from year-end 2000 or 26% on an annualized ...

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