Girard Savings Bank Net Rises Ten-Fold

Girard Savings Bank reported net income for 1985 of $496,000 compared to $47,000 in 1984. Assets at the company rose 19%to $120.3 million, total loans increased 39%to $86.8 million, while savings deposits increased 19%to $98.8 million.

Net worth at year’s end was $6.5 million, for an equity-to-assets ratio of 5.39%.