Clarkston Financial Corp. (CKFC.OB) Reports Operating Results for Second Quarter
Yesterday, Clarkston Financial Corporation, the holding company for Clarkston State Bank, reported operating results for the second quarter ended June 30, 2010. Total revenues for the first quarter (net interest income plus noninterest income) were $1,103,000, compared with total revenues of $1,176,000 for Q2 2009. For the six months ended June 30, 2010, total revenues were $2,251,000, compared to $2,653,000 for the six months ended 2009. Net interest income was lower as a direct result of reducing the size of the balance sheet. Earning assets declined; however, interest-bearing liabilities declined at a more rapid rate. This resulted in a stronger…