Premier Financial Bancorp Inc. in Huntington, W.Va., reported that its fourth-quarter profit rose 5% from a year earlier, to $2.4 million, as operating expenses declined.

The $1.1 billion-asset company said Tuesday that operating expenses fell 8% from a year earlier, to $8 million. The company's loan-loss provision declined almost 14% from a year earlier, to $480,000.

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