Hometown Bancorp, Inc (HTWC.OB) Announces Third Quarter Earnings
Hometown Bancorp, Inc (HTWC.OB), the mid-tier holding company for Walden Federal Savings and Loan Association, announced earnings of $248,000 for the three months ended September 30, 2007. Compared to earnings of $209,000 for the same period in 2006, this represents a significant increase. Additionally, for the nine month period that ended September 30, 2007, the Company reported net income of $633,000, compared to $418,000 for the same period in 2006. The balance sheets have also specified that net interest income increased 11.1% to $1.5 million, from $1.4 million the same period last year. This increase of net interest income resulted…