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million, or 33 cents a share, for the secon d quarter of 2009, compared to net incomwe of $6.4 million, or 31 cents a for the same period ayear earlier. For the six months endedf June 30, the bank said net incomse was $32.6 million, or $1.57 a share, comparexd to net income of $28.5 or $1.38 a share, in the year-ago period. The six-montnh gain was driven largely by an increase in home loan origination s and mortgagebanking income, a release from the bankinvg company said. The gain occurred despite a $1.8 milliojn increase in the bank’s other real estater owned expense related to two properties in Floridwawhere Louisville, Ky.
-based Republic Bancorp (NASDAQ: has a subsidiary, , which has five officesa in the Tampa Bay area. One of the propertiea was sold during the second quarter of 2009, a release said. Republic also citedc extra expense from a special assessment imposedx on all banks nationwide by the effectiveJune 30, the releas said. The special insurance assessment wasabout $1.4 million for Republixc and was in additionn to the increase of $1.2 million the compangy already had experienced in its usual insurance premium during the firsf six months of the In the second half of Republic Bancorp, which has $3.
1 billion in assets, said it hopes to capitalize on current market conditionxs by expanding its presence in Floridaa and possibly Ohio, where the Republic Bank subsidiary also has a presence. Another Republic Bank & Trust Co. has bank officeds throughout Kentucky.
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