Ballston Spa Bancorp, the parent company of Ballston Spa National Bank (BSNB), reports solid financial performance this year. Net income for the nine-month period ending Sept. 30 totaled $1.9 million, or $2.59 per share, up 5.9 percent from the $1.8 million, or $2.45 per share, reported for the same period in 2011. Strong growth in the company’s commercial loan portfolios as well as in non-interest income offset the effects of a tighter net interest margin, and the carrying costs of the company’s new sales and operations center.

“We are encouraged by the overall uptick in economic activity in our region,” said Christopher R. Dowd, president and chief executive officer of the bank. “In light of our growth, our strong balance sheet, and our seasoned employees, we remain well-positioned to enhance the value we provide to our shareholders, customers, and community.”

With a combination of personal service and high-tech convenience, BSNB offers a wide range of products and services to individuals, families, municipalities, nonprofits, and businesses. Offices are located in Ballston Spa, Burnt Hills, Clifton Park, Galway, Greenfield Center, Malta, Milton, Stillwater, and Wilton. To become part of BSNB’s online community, visit www.bsnb.com, www.facebook.com/YourBSNB, or www.twitter.com/BSNB.

--Jennie