Southcoast Financial Corp. (SOCB: Quote) reported that its fourth-quarter net income was $929 thousand or $0.15 per share, compared to a net loss of $4.8 million or $0.79 per share in the year ago quarter.
Net interest income for the quarter rose to $3.49 million from $2.87 million in the prior year quarter. Non-interest income was $0.7 million, up from $0.6 million in year ago quarter.
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by RTT Staff Writer
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