Fidelity D & D Bancorp, Inc. Posts 2003 Financial Results - 2004-02-13
Fidelity D&D Bancorp, Inc., parent company of the Fidelity Deposit and Discount Bank, declared net income of $1,643,000, or $0.90 earnings per diluted share, for the year ended December 31, 2003.

This historically low rate environment, which caused the mortgage refinance boom, dramatically re-priced the mortgage and consumer loan portfolios down to market levels.
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SouthFirst Bancshares, Inc. Declares Earnings for Three Months Ended December 31, 2003 - 2004-02-13
SouthFirst Bancshares, Inc., today declared that net income for the first quarter of fiscal 2004, which finished December 31, 2003, increased $16,075, or 18.4%, to $103,569 when compared to the same period during fiscal year 2003.

Although mortgage loan production and related fee income has decreased in the past few months as a result of a significant decline in mortgage refinancing, this has been substantially offset by an improvement in the Company's net interest margin in combination with a reduction in non-interest expense."
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