Net interest income was $37 million in the second quarter of 2009, an increase of 3.8% from $35.6 million for the second quarter of 2008. The net interest margin on a tax-equivalent basis in the second quarter of 2009 was 4%, down slightly from 4.11% in the same quarter of 2008.

Net income was $5 million, or $0.21 per diluted share, for the first six months ended June 30, 2009, compared to $19.3 million, or $0.81 per diluted share, for the first six months ended June 30, 2008.

For the first six-month period of 2009, net interest income was $73.57 million, compared to $70.02 million for the prior-year period. Net interest margin on a tax-equivalent basis in the first six months of 2009 was 4.03% versus 4.02% for the comparable period of 2008.

Total assets were $4 billion at June 30, 2009, up from $3.74 billion at June 30, 2008.

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