Bank of Granite Corp. of Granite Falls, N.C., reported net income of $4.1 million for the second quarter, a 15.8% increase from the same period last year.

The company's second-quarter earnings were 36 cents per share, 4 cents above the consensus estimate by First Call/Thomson Financial.

In a press release, the $636 million-asset company said that the earnings were a result of an increase in loan volume, improved margins, and stable operating expenses.

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