Summit Group reports improved results
Summit Financial Group Inc., the corporate parent of SummitCommunity Bank, reported improved results for the second quarter andfirst half of 2011.
The company reported second-quarter 2011 net income of $831,000.In comparison, Summit posted a $2.95 million loss in the samequarter a year ago.
For the first half of 2011, Summit reported net income of$509,000. In comparison, the company posted a $2.91 million loss inthe first half of 2011.
Charles Maddy, Summit's president and chief executive officer,said, "While we are pleased to have returned to profitability thisquarter, our job one remains to reduce our …
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