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Bankers Trust reports earnings up 16% year-to-date

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Bankers Trust Co. said today that second-quarter earnings were $9.4 million, a 10 percent increase over the same period last year.

 

For the first six months of the year, Bankers Trust had earnings of $18.4 million, a 16 percent increase over the year-ago period.

 

Assets as of June 30 were $3.75 billion, an increase of $257 million from the first six months of 2014.

 

“Loan volumes are up approximately $355 million from one year ago, proving our commercial business is especially strong and growing at a steady rate,” Don Coffin, executive vice president and chief lending officer, said in a release. “Asset quality continues to set us apart from the competition and our net interest margin remains solid.”

 

President and CEO Suku Radia credited staff with delivering “customized financial products” for customers.

 

“This dedication to customer service has served us well, as our organization is able to increase profitability while we continue to grow toward our goal of being a $5 billion bank,” Radia said in the release.