Wainwright Bank and Trust Co. in Boston said Thursday that its fourth-quarter earnings fell 29% from a year earlier, to $1.2 million.
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Earnings per diluted share were 14 cents, versus 20 cents for the fourth quarter of 2006.
The $913 million-asset banking company netted chargeoffs of $46,000 in 2007, after recovering $54,000 in 2006.
Provisions for credit losses at Wainwright declined 20% for the year, to $700,000.
Wainwright's interest income for this year declined 4.8%, to $26 million, and noninterest income also fell 4.8%, to $5.4 million.
