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Guaranty Federal Bancshares Swings To Q2 Profit - Quick Facts

July 14, 2010, Wednesday, 20:22 GMT | 15:22 EST | 00:52 IST | 03:22 SGT

(RTTNews) - Guaranty Federal Bancshares Inc. (GFED) reported net income for the second quarter of $493 thousand or $0.08 per share, compared to a net loss of $1.63 million or $0.73 per share in the year-ago quarter.

Net interest income after provision for loan losses for the quarter increased was $3.47 million. The company did not record any such item in the prior-year quarter. Noninterest income for the quarter declined to $1.06 million from $1.52 million in the same quarter last year.