GREENCASTLE, Ind. -- First United Savings Bank reported net income for the quarter ended Sept. 30 of $101,935, or 19 cents per share, a decrease of $48,593 from the same period a year ago.
The firm said a number of factors may have contributed to the decrease. Noninterest items such as the sale of loans in the secondary market decreased from the prior year. First United also opened a new branch in Danville, Ind.