ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC), parent company of Oneida Savings Bank, reported that its fourth-quarter profit rose almost 11 percent as net interest income and non-interest income increased and credit quality improved.
Oneida Financial announced Tuesday after the close of trading that its fourth-quarter net income rose to $1.7 million, or 24 cents per share, from $1.5 million, or 21 cents, a year earlier.
For the full year, Oneida Financial’s net income grew from $3.8 million, or 53 cents per share, in 2010 to $5.7 million, or 82 cents, in 2011.
(Sponsored)
“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the
Does Your Nonprofit Need an Annual Audit?
Many people wonder if a nonprofit needs an annual audit, and the answer is—it depends.Although there is no federal requirement that all tax-exempt organizations undergo an audit, many possible triggers
“Oneida Financial continues to succeed in Central New York and beyond despite record low interest rates and a highly competitive banking and insurance marketplace,” company President and CEO Michael R. Kallet said in a news release.
Headquartered in Oneida, Oneida Financial (www.oneidafinancial.com) is the parent company of Oneida Savings Bank; State Bank of Chittenango; Bailey & Haskell Associates, Inc.; Benefit Consulting Group, Inc.; and Workplace Health Solutions, Inc. Oneida Savings Bank operates 12 branch offices in Madison, Oneida, and Onondaga counties.
Contact DeLore at tgregory@tmvbj.com
