Empire National Bank Q4 net income down

Empire National Bank, which offers financial services to privately owned small and mid-sized businesses, professionals, nonprofit organizations, and consumers, has reported that net income for the fourth quarter ended December 31, 2012 was $376,000, or $0.09 per share, compared to $1.43 million, or $0.34 per share, for the fourth quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $3.3 million, compared to $3.26 million for the fourth quarter ended December 31, 2011.

Net income for the year ended December 31, 2012 was $3.62 million, or $0.83 per share, compared to $4.61 million, or $1.09 per share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $13.43 million, compared to $12.25 million for the year ended December 31, 2011.

Douglas Manditch, Chairman and CEO stated, "As we approach our five year anniversary in February, we are pleased with the continued growth of the bank. Our core focus on customer service has benefited us. Satisfied customers continue to introduce our team to new relationships - many of which have played a large part in our significant demand deposit and loan growth in 2012. As we begin 2013, we are excited to be expanding our footprint with the addition of our Mineola branch, which will be located at 170 Old Country Road. We expect to be open in the spring."