ELMIRA — The board of directors of Elmira Savings Bank (NASDAQ: ESBK) has declared a cash dividend of 23 cents per share on its common stock. The banking company will pay the dividend on March 29 to shareholders of record March 14.
The cash dividend is the same amount that Elmira Savings paid last quarter. However, the company paid an additional 5 percent stock dividend on its common shares outstanding at that time.
In 2012, Elmira Savings Bank produced net income of $5.21 million, up almost 4 percent from $5.03 million in 2011. The banking company reported total assets of $537 million at the end of 2012, up almost 3 percent, from $523 million a year earlier.
Elmira Savings Bank (www.elmirasavingsbank.com) is a state-chartered bank headquartered at 333 E. Water St. in Elmira. It has six branches in Chemung County, three offices and a loan center in Tompkins County, one branch in Steuben County, one office in Cayuga County, one branch in Schuyler County, and a loan center in Cortland County.
Contact Rombel at arombel@cnybj.com