Jul. 30--Initial reports from area banks with publicly traded stock indicate most had profitable second quarters though not nearly as profitable as last year.

Only two of the seven area banking companies that have announced second-quarter earnings reported net losses, and those were Regions Financial and First Busey.

The other five JPMorgan Chase, PNC Financial, Commerce Bancshares, Old National Bancrop and First Midwest Bancorp reported positive net income for the quarter that ended June 30, though First Midwest's net income was scant.

Five other companies have yet to report. MainSource Financial is slated to release earnings today, First Mid-Illinois Bancshares on Thursday and Centrue Financial on Aug. 10.

Terre Haute, Ind.-based First Financial Corp. which recently assumed the deposits of First National Bank in Danville hasn't stated when it will release earnings. CIB Marine Bancshares, the holding company for Central Illinois Bank, plans to release earnings around Aug. 14.

Here's a look at the banks that have reported so far:

--JPMorganChase & Co.

The New York-based parent company of Chase Bank reported second-quarter net income of $2.7 billion, compared with net income of $2 billion a year ago.

Earnings per share were 28 cents, compared with 53 cents in the second quarter of 2008. The decrease reflected repayment of $25 billion in preferred capital under the government's Troubled Asset Relief Program, known as TARP.

JPMorganChase & Co. is the largest of the area banking companies, with $2 trillion in assets.

--PNC Financial

National City's Pittsburgh-based parent reported net income of $207 million in the second quarter. But only $65 million of that was attributable to common shares, resulting in diluted earnings per share of 14 cents.

A year ago, the company had second-quarter net income of $517 million, of which $505 million was attributable to common shares. Diluted earnings per share for that quarter totaled $1.45.

Nonperforming assets increased to $4.5 billion, up from $3.5 billion at the end of the March 31 quarter. Nonperforming loans amounted to 2.44 percent of total loans, up from 1.73 percent on March 31.

PNC Financial had $279.7 billion in assets as of June 30.

--Regions Financial

The Birmingham, Ala.-based parent of Regions Bank reported a second-quarter net loss of $244 million after preferred-dividend expense was deducted. That resulted in a loss of 28 cents per diluted share for the quarter.

During the same quarter a year ago, the company had net income of $268 million, or 39 cents per diluted share.