In Brief: State Financial Services Posts 51.3% Profit Rise

HALES CORNERS, Wis. - State Financial Services Corp. said first- quarter earnings of $734,246 were up 51.3% from the year-earlier quarter.

State Financial attributed the jump to a 21% increase in net interest income.

The $226 million-asset company reported 66.2% of its assets in loans at March 31, compared with 58.4% a year ago.

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