Greer Bancshares Inc., parent company of Greer State Bank, reported third quarter net income attributable to common shareholders of $668,000 or 27 cents per diluted share, compared with $777,000 or 31 cents per diluted common share, during the same quarter the previous year.
As of Sept. 30 the bank reported (at Dec. 31, last year):
• assets were $365 million, up from $361 million;
• loans outstanding were $188 million, down from $196 million;
• deposits were $265 million, up from $261 million;
• non-accrual loans were $3.3 million, down from $3.9 million;
• past-due loans were $2.4 million, down from $2.9 million.
“The positive momentum continues at Greer State Bank as we recognize our eighth consecutive quarter of profitable performance,” bank President and CEO George Burdette said in a news release.
Greer State Bank has three branches in Greer and one in Taylors.