York Traditions Bank (OTC Pink: YRKB) reported net income of $1,088,000, or 38 cents per share, for the first quarter ended March 31, 2019, compared to $1,094,000, or 39 cents per share, for the first quarter ended March 31, 2018. This represents a $6,000 decrease, or 1%, over the first quarter of 2018. Book value per common share stood at $18.32 at March 31, 2019.

"While first quarter 2019 earnings were even with the prior year, affected mainly by lower gains on the sale of residential mortgages, we are satisfied with our start to 2019," stated Eugene J. Draganosky, President and Chief Executive Officer. "Net interest income grew $403,000, or 11%, over last year's first quarter attributed primarily to commercial loan growth and a higher net interest margin. Annualized first quarter branch deposit growth of nearly 11%, closely mirroring year-over-year branch deposit performance, continues to provide necessary funding for earning asset generation. The recent moderation of long-term interest rates and a favorable local real estate market give us confidence for the remainder of 2019. Credit quality remains strong with non-performing assets to total loans at 0.24% and minimal loan charge-offs in the first quarter."