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New Hampshire-based First Colebrook Bancorp redeems preferred stock alongside debt issuance

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New Hampshire-based First Colebrook Bancorp redeems preferred stock alongside debt issuance

Colebrook,N.H.-based First Colebrook BancorpInc. on March 22 partially redeemed $5 million in outstandingpreferred stock and it issued $5 million in subordinated debt, according to aMay 6 earnings release.

Thecompany reported first-quarter net income available to common shareholders of$118,429, or 16 cents per share, compared to $246,930, or 33 cents per share,in the first quarter of 2015.