WSB Holdings, the parent company of Washington Savings Bank, announced results of operations for both its second quarter and the six-month period ending June 30.
WSB reports net earnings of $174,000 or 2 cents per basic and diluted share for the three months ending June 30, compared to net earnings of $321,000 or 4 cents per basic and diluted share for the comparable period of the prior year.
WSB reports net earnings for the six-month period ending June 30 of $452,000 or 6 cents per basic and diluted share, compared to net earnings of $556,000, or 7 cents per basic and diluted share, for the six-month period ending June 30, 2011.
The bank was pleased to report positive earnings for the seventh consecutive quarter, a news release states.
Washington Savings Bank serves the business and consumer needs of the Washington, D.C., Baltimore, Annapolis and Southern Maryland communities.