Dime Community sees Q3 effective tax rate 41.0%

theflyonthewall.com

Dime Community anticipates continuing promotional deposit campaigns throughout Q3 although at a reduced level compared to 1H14. Loan loss reserve provisions or credits will likely depend upon annualized loan portfolio growth, incurred and anticipated losses, and the overall credit quality of the loan portfolio. Non-interest expense is expected to approximate $15.5M during Q3.

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