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Stock Market & Financial Investment News

News Breaks
March 10, 2014
11:14 EDTFWVFirst West Virginia Bancorp reports Q4 EPS 61c vs. 53c a year ago
The company recorded a negative provision for loan losses in the fourth quarter in the amount of $400,000 to reduce the allowance for loan losses based upon the decline in specific reserves required on nonperforming assets. Net interest income increased primarily due to the increase in the interest earned on investment securities and the decline in the interest expense paid on interest bearing liabilities, offset in part by the decline in the interest earned on loans.
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