First National Corp., the parent of First...
First National Corp., the parent of First National Bank, reported a second-quarter profit of $1.4 million, up from a profit of $513,000 for the same three months last year. For the first six months of the fiscal year, the bank holding company’s profit was $2.4 million, up from $760,000 last year.
Total assets as of June 30 were $506 million, up 11.9% from $452 million this time last year. Deposits were $453 million, up from $404 million, and total loans reached $352 million, up from $317 million a year ago.
Blaming “softness in certain market segments,” Cohu reported a second-quarter profit of $676,000 on sales of $8.5 million, down slightly from a profit of $684,000 on sales of $8.9 million for the same three months the previous year.
A manufacturer of video, test and electronics equipment, Cohu reported a year-to-date profit of $1.4 million on sales of $16.9 million for the first two quarters of the year, compared with a profit of $1.2 million on sales of $17 million for the same six months last year.