In this feature, S&P Global Market Intelligence takes a look at earnings releases from a handful of community banks from around the country.

Mid-Atlantic

Salisbury, Md.-based Delmar Bancorp on July 27 posted a 7.0% year-over-year increase in earnings for the six months ended June 30, with net income climbing to $2.2 million, or 26 cents per share, from net income of $ 2.0 million, or 25 cents per share, a year earlier.

Net interest income for the six-month period went up to $10.0 million from $8.4 million. Provision for credit losses also increased to 495,000 from 412,000.

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De Witt, N.Y.-based Community Bank System Inc. on July 31 posted second-quarter net income of $17.2 million, or 35 cents per share, compared to net income of $25.9 million, or 58 cents per share, in the second quarter of the prior year. The S&P Capital IQ consensus mean estimate for the second-quarter normalized EPS was 52 cents.

The recent quarter's results included $22.9 million, or 32 cents per share, of acquisition expenses related to the recently completed acquisition of Merchants Bancshares Inc.

The company's net interest margin for the quarter was 3.72%, down from 3.65% in the linked quarter and down from 3.73% last year. The bank recorded a provision for loan losses of $1.5 million, down from $1.8 million in the previous quarter and down from $2.3 million a year earlier. Net charge-offs totaled $1.1 million, compared to net charge-offs of $2.0 million in the linked quarter and net charge-offs of $1.4 million in the prior-year quarter. At the end of the second quarter, nonperforming assets totaled $25.4 million, in line with $25.4 million in the linked quarter and lower than $25.8 million in the year-ago quarter.

Midwest

Manhattan, Kan.-based Landmark Bancorp Inc. on Aug. 2 posted a 2.5% year-over-year increase in second-quarter profit. Net income rose to $2.4 million, or 60 cents per share, from net income of $2.3 million, or 60 cents per share, in the second quarter of the prior year.

The company's net interest margin for the quarter was 3.41%, down from 3.46% last year.