Wilber Corp. reports dip in 1Q earnings - The Business Review (Albany):

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The Oneonta-based parent of had net incom eof $1.07 million, or 10 cents a share, for the threed months ended March 31. This compares to net income of $1.4 million, or 14 cents a share, a year Douglas Gulotty, president of Wilbere (AMEX: GIW) said the decrease in earnings was due primarilt toa $975,000 increase in the bank’s provisiohn for loan losses. It put asidee $1.2 million for bad credits during the comparedto $225,000 in the first quarter of 2008. Gulottty said potential problem loans increaseffrom $16.1 million at Dec. 31 to $20.9 million on March 31. The loan portfolio as a whole has also been thanks in partto Wilber’s expansionh into the Albany, N.Y.
, and Syracuse markets. Gros s loans averaged $593.6 million during the first quarter of comparedto $447.5 million a year earlier. Total depositx grew by 12 to $801 million. Wilber has an office in Halfmoon and a loan production office in Clifton Its unit, which is based in Clifton also has offices in Latham and Niskayuna.