Fidelity earnings
up 10 percent
DUNMORE - Customer loan growth and lower cost of funds helped Fidelity D&D Bancorp net earnings grow to $1.3 million in the fourth quarter, up 10 percent versus the year-ago quarter.
Earnings per share were 58 cents for the quarter compared to 54 cents the year-ago quarter.
For the year, the company earned $5.3 million, or $2.38 per share, a 5 percent increase from 2011.
Fidelity ended the year with $602 billion in asserts. The bank operates 11 offices in Lackawanna and Luzerne counties.