Steele Bancorp posted Q2 net income of $5.26 million, more than doubled from a year earlier; EPS rose to $1.54.
Net interest income climbed to $12.66 million, up 153.7% year over year; GAAP net interest margin widened 90 basis points to 4.31%.
Noninterest income increased to $1.89 million, more than doubled; driven by added trust fees from the Northumberland deal.
Noninterest expense rose to $7.99 million, up 155%; reflecting higher salaries and benefits, including $666,000 of core deposit intangible amortization.
Total assets edged up 1% from Dec. 31 to $1.27 billion; deposits increased $9.92 million, while subordinated debt fell $9.89 million.
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