BOWLING GREEN, Ohio -- Mid Am, a $1.9 billion-asset bank holding company, announced net income of $11.34 million for the first half of 1994, up from $11.28 million in the first half of 1993. Earnings per share were $0.72, compared with $0.73 for the same period in the previous year. Return on average assets was 1.20% and return on equity was 14.69%
For the second quarter, Mid Am earned $5.3 million, down from $5.9 million a year ago.
Mid Am said its earnings have been affected by a decline in profitability of its secondary market residential lending.