Simbury Bank’s 2Q net soars

BY Gregory Seay

SBT Bancorp Inc., parent of community lender Simsbury Bank & Trust Co. Inc., nearly doubled its second-quarter net income.

For three months ended June 30, SBT said it netted $1.01 million, or 74 cents a diluted share, up from $568,000, or 42 cents a share, netted the same quarter a year earlier.

SBT ended the quarter with assets of $488.4 million vs. $525.7 million a year ago.