Premier reports earnings increase - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Premier reports earnings increase

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  • UPDATE: Route 2 now open following tractor trailer accident

    UPDATE: Route 2 now open following tractor trailer accident

    Monday, August 25 2014 4:00 PM EDT2014-08-25 20:00:48 GMT
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.

Premier Financial Bancorp of Huntington on Aug. 1 reported second-quarter earnings of $3.1 million, a 48.6 percent increase from the second quarter last year.

The company's earnings report attributed the income growth to an increase in interest income (primarily on loans), a decrease in interest expense, a decrease in non-interest expense, and a decrease in the provision for loan losses.

The company reported assets of $1.104 billion as of June 30, down from $1.121 billion as of Dec. 31, 2012.