Dimeco, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 22, 2021 at 01:09 am EST
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Dimeco, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 7.619 million. Net income was USD 2.507 million. Basic earnings per share from continuing operations was USD 1. For the full year, net interest income was USD 28.847 million compared to USD 26.967 million a year ago. Net income was USD 8.856 million compared to USD 8.734 million a year ago. Basic earnings per share from continuing operations was USD 3.54 compared to USD 3.5 a year ago. Diluted earnings per share from continuing operations was USD 3.52 compared to USD 3.46 a year ago.
Dimeco, Inc. is a bank holding company of The Dime Bank (the Bank). The Bank is a state-chartered bank and operates from approximately seven locations in northeastern Pennsylvania. It offers banking and bank-related services, including residential real estate, commercial mortgage, commercial and consumer financing, as well as interest earnings on investment securities. The Company, through its subsidiary, provides deposit services including checking, savings and certificate of deposit accounts and investment services. It offers a range of loans, such as consumer loans, home equity loans, mortgage loans, construction loans, and student loans. It provides business line of credit, business term loan, business vehicle loan, business equipment loan, capital improvement loan, and commercial real estate loan. Its online and mobile banking features include bill pay, voice bill pay, mobile wallet, external transfers, mobile deposit, e-statements and debit cards. It also offers merchant service.
DIMECO, INC. 
