BOWLING GREEN, Ohio - Mid Am Inc. announced net income of $3.2 million for the second quarter, up 12% from earnings a year ago.
For the first six months of this year, earnings grew 18%, to $6.4 million. Fully diluted earnings per share rose to $1.06, from 92 cents.
The second-quarter return on average assets rose to an annualized 1.02%. Return on shareholder equity rose to 16.11%.
The company, which has four banks and $1.2 billion in assets, increased its net interest margin to 4.56%, from 4.18% in the 1991 quarter.
