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First Bank of Delaware Q1 earnings doubled

First Bank of Delaware has reported earnings of $2.2 million for the first quarter of 2008, compared to $1.1 million for the same period of 2007.

The bank’s first quarter earnings reflected greater volume from internet-based installment loans and credit card and debit card programs.

The net interest income was $2.7 million for the first quarter of 2008, compared to $1.7 million for the same period in 2007. The bank’s total shareholders’ equity stood at $36.5 million with a book value per share of $3.21 at March 31, 2008.