This represents an increase of $5.4 million, or 15.5%, when compared with earnings of $34.7 million for the year ending Dec. 31, 2000.
Earnings for the fourth quarter ending Dec. 31, 2001 were $10.8 million. This represents an increase of $1.6 million, or 17.0%, over the earnings of $9.2 million reported for the fourth quarter of 2000. This was the 39th consecutive quarter of record earnings.
Deposits reached a record high of $1.9 billion at Dec. 31, 2001. This was up $281.9 million, or 17.7%, when compared with the $1.6 billion in deposits reported for Dec. 31, 2000. Demand deposits were $766.3 million, or 49.8% of the total deposits. This represents an increase of $101.0 million, or 15.2%, when compared with $665.3 million for last year.
Gross loans and leases were $1.2 billion at Dec. 31, 2001. This represents an increase of $136.0 million, or 12.9%, when compared with gross loans and leases of $1.1 million on Dec. 31, 2000. Total assets reached a record high of $2.5 billion. This was up $206.1 million, or 8.9%, over total assets of $2.3 billion at the end of 2000.
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