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BancorpSouth posted lower earnings from the first quarter after adjusting for lower valuations in its mortgage servicing rights, the company said Monday.

Fueled by increased fee income, Chemical Financial (CHFC) in Midland, Mich., posted its highest quarterly earnings per share in more than six years.

S&T Bancorp's second-quarter profit fell 36% from the same quarter last year, to $8.6 million, as gains in fee income could not offset narrowing margins and an uptick in problem loans.

Northwest Bancshares (NWBI) in Warren, Pa., posted higher second-quarter earnings after delinquent and nonaccrual loans fell to their lowest levels in four years.

Strong gains in fee income combined with improved asset quality powered West Coast Bancorp in Lake Oswego, Wash., to a $6 million profit in the second quarter, up 30% from the same period in 2010.

Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.

Anchor Bancorp (ANCB) in Lacey, Wash., will increase its fiscal-year fourth-quarter loan-loss provision by $1.1 million, leading to an expected loss for the period.

The rapidly expanding First Republic Bank (FRC) will open a branch in the wealthy south Florida enclave of Palm Beach, its first office in the Sunshine State.

Associated Banc-Corp (ASBC) in Green Bay, Wis., reported its highest quarterly profit since early 2008 as commercial and business lending surged.

The $70.8 million deal would add 13 branches and $550 million of deposits in the growing Pittsburgh market.

Virginia Commerce Bancorp (VCBI) is delaying its planned exit from the Troubled Asset Relief Program following discussions with the Federal Reserve Bank of Richmond regarding its repayment plan.

The Federal Reserve Board has put the kibosh on Virginia Commerce Bancorp's plan to start paying back the Treasury Department this summer.

Porter Bancorp (PBIB) of Louisville, Ky., did not have to look far to find the new leader for its struggling bank.

The Federal Reserve Board has ended a written agreement with Premier Financial that required the Dubuque, Iowa, company to develop a plan to maintain sufficient capital and an adequate allowance for loan and leases losses.

Magna Bank in Memphis, Tenn. has switched to a state charter, dumping the Office of the Comptroller of the Currency in favor of a state regulator that management believes is more familiar with its local market.

Improved asset quality and sharp decline overhead expenses in the second quarter powered CVB Financial (CVBF) in Ontario, Calif., to its most-profitable quarter in its 38-year history.

Orrstown Financial Services (ORRF) sold $28.6 million of nonperforming commercial loans to an unnamed outside investor.

Popular's (BPOP) shares tumbled Wednesday after the San Juan, Puerto Rico, company reported that second-quarter earnings fell from a year earlier.

Heartland Financial (HTLF) will combine and rename two banks in Wisconsin under the name Wisconsin Bank & Trust.

SMITHFIELD, R.I. — Navigant CU announced this afternoon it merging troubled Columbus CU, a $68 million in nearby Warren, R.I., with two branches.