BV Financial (BVFL) in Baltimore added profits in the company's fiscal second quarter.
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Earnings at the $144 million-asset bank rose 20% from a year earlier, to $195,000.
Net interest income fell roughly 1% from a year earlier, to $1.3 million. Noninterest income rose 40% from a year earlier, to $91,000. Noninterest expense increased 15.2% from a year earlier, to roughly $1 million.
BV booked $105.3 million in loans during the six months that ended on Dec. 31, an increase of 3.2% from the first half of 2012 primarily because of an increase in boat loans.
