UNION CITY, N.J. -- Despite writing off more than $650,000 of expenses from a failed merger agreement, Hubco Inc., New Jersey's 11th-largest commercial bank, reported record earnings in the second quarter of $3.9 million, or 60 cents a share.

The .18 percent increase, up from $3.5 million, or 51 cents a share, last year, marks the 15th consecutive quarter of earnings increases.

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