Net Operating Income

 
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GREENSBORO, N.C. , July 24, 2014 /PRNewswire/ -- Second-Quarter 2014 Highlights CapStone merger completed, assets expanded 19% to $2.4 billion from March 31, 2014 Net income totaled $1.2 million , after $5.3 million of merger and severance expenses Pre-tax core net operating income, a non-GAAP measure, was $7.2 million , up 45% from second quarter 2013 Net interest income rose 31% to $20.3 million Loan balances grew $283 million Deposits expanded $233 million Wealth management revenue increased 17% from prior year quarter Nonperforming assets were 0.61% of total assets at June 30, 2014 Realignment of retail banking led to a 5% reduction in the Company's work force Capital levels rose to 12.5% total risk-based and 8.3% tier 1 leverage Book value per share increased to $6.05 from $5.50 in first quarter 2014 and $5.12 in second quarter 2013
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Net Operating Income
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