Citizens Bancorp, the holding company for Citizens Bank & Trust Co. of Maryland, said its total assets passed the billion dollar mark in the quarter just ended.
Earnings for the quarter completed Sept. 30 grew 6 percent to $4.8 million ($2.42 a share) from $4.5 million ($2.28) in the same period a year ago.
Deposits of the 93 Citizens Bank branches grew 18 percent to $904 million from $765 million, and assets grew 19 percent to $1.08 billion from $913 million.
Security National Corp., the holding company that owns Security National Bank of Washington, said its quarterly income grew 11 percent to $853,000 (93 cents a share) from $766,000 (84 cents) for the three months ended Sept. 30.
Income for the first nine months of the fiscal year totaled $2.5 million ($2.73), up from $2.3 million ($2.49), and assets as of Sept. 30 grew to $227.2 million from $207.4 million a year earlier.
First American Bank of Maryland reported an 18 percent increase in profits for the quarter and a 22 percent gain for the first nine months of the year. Earnings for the three months ended Sept. 30 totaled just over $1 million ($1.04 a share), up from $873,000 (88 cents) in the same period a year ago. Year-to-date profits totaled $2.8 million ($2.87), up from $2.3 million ($2.36).
Bowl America Inc. said its operating earnings were up for the fiscal year ended July 1, but net profits slipped slightly because a one-time lease payment had inflated last year's earnings.
The Springfield-based bowling chain earned $1.68 million ($1.05 a share) this year, compared with $1.7 million ($1.07) the previous year. Total revenue increased to $17.16 million .