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Due to strong results, Haverhill Bank reports it was able to increase its commitment to community events and organizations this quarter to more than $134,000.
The giving bring brings 2023 annual support to more than $261,000—a nearly 20% increase over last year. Haverhill Bank President and CEO Thomas L. Mortimer said second quarter core earnings were $577,000 combined with net unrealized/realized gains of $1.15 million to deliver pre-tax earnings of $1.73 million.
“On a year-to-date basis, we have generated core earnings of $1,550,000 combined with net unrealized/realized gains of $1,437,000 resulting in pre-tax earnings of $2,987,000. Once again showing that the deposit-owned institution is truly committed to the communities it serves,” the bank said.
Haverhill Bank added, it remains both FDIC and DIF insured, meaning 100% of deposits are insured in full.