Meta Financial Group Inc., the Storm Lake-based parent company of MetaBank and Meta Payment Systems, reported net income for of $3.1 million, or 57 cents per share, for its fiscal second quarter, which ended March 31.

Excluding an extraordinary sale of securities, earnings for the prior fiscal second quarter were $2.8 million, or 86 cents per share. MetaBank experienced its strongest loan growth in the past two years, said Chairman, President and CEO J. Tyler Haahr in a release.

Deposits from its Meta Payments System division increased by 21 percent, and would have been higher were it not for the general delay in income tax filings due to congressional inaction, which caused customers a delay in receiving tax refund prepaid cards and subsequently expedited spending of those cards, Haahr said.