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First Trust Bank reports second-quarter profitCharlotte-based First Trust Bank announced a second-quarter profit of $865,000 – a 20 percent decline from a year ago but an increase over the previous quarter.Assets grew 11 percent from a year ago, and loans increased 7 percent. But the bank drastically increased its reserves for potential loan losses, from $42,000 a year ago to $1.2 million.

 

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