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First Citrus Bank posts Q2 asset, loan gains

July 23, 2019 - First Citrus Bancorporation Inc. reported net earnings of $949,000, or 46 cents a share, for the second quarter of 2019.  Net income dropped slightly in Q2 2019 compared to the same quarter a year ago because the bank sold fewer loans in the secondary market, a news release said. Assets at June 30 were $396 million, up 6 percent from a year earlier. Loans were $312 million, up 3 percent. First Citrus Bancorporation (OTC: FCIT), the parent of First Citrus Bank with five offices in Hilllsborough County, also confirmed plans to open a loan production office in downtown St. Petersburg, as first reported by the St. Pete Catalyst.

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