Midwest Banc Holdings Inc.'s second-quarter earnings fell 59% from the same quarter last year, to $3.2 million.
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Diluted earnings per share fell 60%, to 17 cents.
On Thursday the Melrose Park, Ill., company attributed the decline to efforts to reposition its balance sheet and losses on securities transactions. Net interest income fell 12%, to $13 million. Other income fell 4%, to $2.8 million.
Midwest lost $750,000 on securities transactions, compared with a $2.9 million gain in the same quarter last year.
