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The Birmingham-based bank recently opened a location in Montgomery.
According to the company's earnings release, the bank's assets grew to $3.1 billion and deposits increased to $2.5 billion.
Superior set aside almost $30 million for loan losses in the quarter.
"As expected by management, the quarter's results are reflective of this difficult recessionary period and the challenges facing the entire banking industry," CEO Stan Bailey said in a release.
To see more of the Montgomery Advertiser, or to subscribe to the newspaper, go to http://www.montgomeryadvertiser.com. Copyright (c) 2009, Montgomery Advertiser, Ala. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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