Business Notes: July 31

July 29, 2013 

KS Bancorp reports net income

Smithfield-based KS Bancorp Inc. has reported net income of $200,000, or 15 cents per share, for the three months ending June 30. That’s up from the $86,000, or 7 cents a share, earned in the same quarter a year ago.

For the most-recent period, net interest income was $2.4 million, down from $2.5 million a year ago. Non-interest income was $548,000, down from $720,000. Non-interest expenses decreased $500,000, from $3 million a year ago to $2.5 million in the recent quarter.

Ice cream social

The Smithfield-Selma Chamber of Commerce invites its members to an ice cream social from 4 to 6 p.m. Wednesday, July 31, at the chamber office, 1115 Industrial Park Drive, Smithfield. For more information, call 919-934-9166.

Bank declares dividend

The board of directors of First Citizens BancShares Inc. has declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable Oct. 7 to shareholders of record Sept. 16.

Summer social

The Chamber Women’s Business Network will hold Taste of Tuscany, a summer social, from 5 to 7 p.m. Thursday, Aug. 15, in Room 1404 of the Johnston Medical Mall on North Bright Leaf Boulevard in Smithfield. The cost is $12 per person and includes heavy hors d’oeuvres, lemonade and a raffle.

Send business notes to sbolejack@newsobserver.com.

The Clayton News Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service