Business Notes: July 31

07/29/2013 3:07 PM

07/29/2013 3:08 PM

KS Bancorp reports net income

Smithfield-based KS Bancorp Inc. has reported net income of $200,000, or 15 cents per share, for the three months ending June 30. That’s up from the $86,000, or 7 cents a share, earned in the same quarter a year ago.

For the most-recent period, net interest income was $2.4 million, down from $2.5 million a year ago. Non-interest income was $548,000, down from $720,000. Non-interest expenses decreased $500,000, from $3 million a year ago to $2.5 million in the recent quarter.

Ice cream social

The Smithfield-Selma Chamber of Commerce invites its members to an ice cream social from 4 to 6 p.m. Wednesday, July 31, at the chamber office, 1115 Industrial Park Drive, Smithfield. For more information, call 919-934-9166.

Bank declares dividend

The board of directors of First Citizens BancShares Inc. has declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable Oct. 7 to shareholders of record Sept. 16.

Summer social

The Chamber Women’s Business Network will hold Taste of Tuscany, a summer social, from 5 to 7 p.m. Thursday, Aug. 15, in Room 1404 of the Johnston Medical Mall on North Bright Leaf Boulevard in Smithfield. The cost is $12 per person and includes heavy hors d’oeuvres, lemonade and a raffle.

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