BEDFORD, N.H., Feb. 26 /PRNewswire-FirstCall/ -- Centrix Bank (BULLETIN BOARD: CXBT) today announced net income of $2.8 million for the year ended December 31, 2006, an increase of 25% compared to net income of $2.2 million for the year ended December 31, 2005. Net income per share (diluted) was $0.93 for 2006, a 24% increase over the comparable $0.75 per share (diluted) reported for 2005.
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For the fourth quarter 2006, net income was $786,060, an increase of 10% compared to net income of $717,121 for the quarter ended December 31, 2005. Net income per share (diluted) was $0.26 for the fourth quarter of 2006, an 8% increase over the $0.24 per share (diluted) reported for the fourth quarter 2005.
Total assets at December 31, 2006 amounted to $324.5 million as compared to $272.0 million at December 31, 2005, reflecting growth of $52.5 million or 19%. Net loans grew to $250.1 million at December 31, 2006 from $197.0 million at December 31, 2005, an increase of 27%. Deposits at December 31, 2006 totaled $257.3 million compared to $221.9 million at December 31, 2005, representing 16% growth.
Joseph B. Reilly, President/CEO of Centrix Bank, commented that through the dedicated efforts of the Bank's employees, Centrix continues to grow at a steady pace and remains focused on providing business banking solutions to small to medium-sized businesses and professionals in Southern New Hampshire. A full copy of the Fourth Quarter Financial Report is available on the Bank's website, http://www.centrixbank.com/; double-click the section titled "Investor Relations" and then "Financial Reports." For more information about Centrix Bank, please contact Lucy T. Gobin, Senior Executive Vice President, CFO & COO at (603) 647-4446 or
Centrix Bank was the Recipient of the Business NH Magazine "2006 Business of the Year" in the Financial Services/Insurance Sector. Centrix Bank operates four full-service offices in Bedford, Manchester, Portsmouth and Milford, New Hampshire, and also maintains a Loan Production Office in Dover, New Hampshire. The Bank's principle objective is to serve small to medium- sized businesses and professionals with highly personalized and responsive service, as well as the latest in banking technology.
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