Monroe Bancorp Reports Earnings of $1,860,000 or $0.299 Per Share for the Second Quarter of 2008...
                   
yahoo.com     Jul 22, 2008            

BLOOMINGTON, Ind., July 22, 2008 (PRIME NEWSWIRE) -- Monroe Bancorp (the ``Company'') (NasdaqGM:MROE - News ), the independent Bloomington-based holding company for Monroe Bank (the ``Bank''), today reported net income of $1,860,000 or $0.299 per diluted common share, for the quarter ended June 30, 2008, compared to $2,190,000 or $0.346 per diluted common share for the same period in 2007. This represents a 15.1 percent decrease in net income and a 13.6 percent decrease in diluted earnings per share. Return on average assets (ROAA) and return on average equity (ROAE) for the second quarter of 2008 were 0.96 percent and 13.26 percent, respectively, compared to 1.17 percent and 16.93 percent respectively for the second quarter of 2007. Net income for the second quarter of 2008 increased by $267,000 or 16.8 percent over net... [read full story]                    


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