Article: Premier Bancorp, Inc. Announces Record Earnings for Year 2001.

Business Editors

DOYLESTOWN, Pa.--(BUSINESS WIRE)--Feb. 21, 2002

Premier Bancorp, Inc. (AMEX:PPA), the parent company of Premier Bank, announced today record earnings for the year 2001 with net income reaching an all time high of $2,534,000 or $.74 per common share on a diluted basis.

Compared to the prior year, net income increased 23% with diluted earnings per share also growing 23%.

Total assets grew to $450.6 million at December 31, 2001, an increase of $95.4 million or 27% from year-end 2000. Significant growth was also noted in loans and deposits, which at year-end 2001 reached $314.7 million and $358.3 million, respectively, an ...

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