CAPE GIRARDEAU, Mo. - Capital Bancorp announced net income for the fourth quarter of $2.2 million, up 25% over $1.8 million for the same period in 1993.
For the quarter, the company's net interest income after provision for loan losses was $9.5 million, up from $7.6 million a year ago.
For the year, the $969 million-asset company reported net income of $7.3 million, up 3% over $7.1 million the prior year.
Per-share earnings for the fourth quarter and full year were 59 cents and $1.90 respectively, compared with 46 cents and $1.88 in 1993.
Nonperforming loans at Dec. 31 were $3.2 million. The allowance for loan losses was $11.9 million, representing about 375% of nonperforming loans and about 1.53% of total loans.