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PRESQUE ISLE – First Citizens Bank has reported a record net income of $863,297 for the nine-month period ending Sept. 30.
“We are pleased to announce that our earnings are up 4.3 percent over the same period in 2002,” said David I. Dorsey, president and chief executive officer of the community bank.
Dorsey also reported that a common stock dividend of $.22 per share will be paid to all shareholders of record as of Oct. 10. The dividend is payable on Oct. 24.
As of Sept. 30, total assets of First Citizens Bank were $140 million, an increase of $2.9 million, or 2.1 percent, over the previous year. The bank also reported total deposits of $126.7 million, a $2.1 million increase, or 1.7 percent, over the prior year.
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