Haverhill Bank President and CEO Thomas L. Mortimer said second quarter core earnings were $577,000 combined with net unrealized/realized gains of $1,150,000 to deliver pre-tax earnings of $1,727,000. On a year to date basis, we have generated core earnings of $1,550,000 combined with net unrealized/realized gains of $1,437,000 resulting in pre-tax earnings of $2,987,000.
Due to the strong quarterly results, Haverhill Bank was able to increase its commitment to community events and organizations to over $134,000 bringing that 2023 annual support to over $261,000 – a nearly 20% increase over 2022. Once again showing that the deposit-owned institution is truly committed to the communities it serves.
In addition, Haverhill Bank remains both FDIC & DIF insured, which means 100% of deposits are insured in full.