Third quarter results for Fidelity Bank revealed decreases in several areas, including a 63 percent loss in net income compared to the same period in 2009.
The bank saw its net income decrease to $415,533 during the third quarter of this year from $1.1 million in 2009. Its cash on hand at respective branches also fell by $800,000 to $27.6 million from $28.4 million a year ago. Total expenses also increased by three percent to $9.8 million from $9.5 million, and Fidelity's total liabilities and equities remained relatively flat year on year, showing a marginal increase from 3Q in 2009.
Loan assets for mortgages, consumer and other purposes also increased by more than $4 million to $204.4 mi ...

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