Premier reports earnings increase - Clarksburg, Morgantown: News, Sports, Weather

Premier reports earnings increase

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Premier Financial Bancorp of Huntington on Aug. 1 reported second-quarter earnings of $3.1 million, a 48.6 percent increase from the second quarter last year.

The company's earnings report attributed the income growth to an increase in interest income (primarily on loans), a decrease in interest expense, a decrease in non-interest expense, and a decrease in the provision for loan losses.

The company reported assets of $1.104 billion as of June 30, down from $1.121 billion as of Dec. 31, 2012.