HONESDALE, PA — Dimeco, Inc. (OTCQX: DIMC), the holding company for the Dime Bank, reported total assets of $1.1 billion on June 30, 2025, an increase of $88.6 million or 8.6 percent from the second quarter of 2024. 

Total loans of $771.9 million reflect an increase of $37.7 million or 5.1 percent over last year. 

Total deposits were $952.7 million on June 30, 2025, an increase of $79.1 million or 9.1 percent over the previous year. 

Stockholders’ equity showed growth from June 30, 2024 of $12.1 million to $113.5 million on June 30, 2025.

Net income of $7.8 million for the first six months of 2025 was $2.4 million or 44.1 percent greater than the same period last year. This resulted in an annualized return on average assets of 1.41 percent and return on average equity of 14.18 percent. 

Dimeco’s board of directors declared dividends of $0.84 per share for the first half of 2025, a 5 percent rise over last year, resulting in an annualized dividend yield of 4.60 percent.

“2025 is off to a strong start for Dimeco, Inc.,” Peter Bochnovich, president/CEO said. “We remain committed to making thoughtful, strategic decisions that serve the best interests of the company. As always, we extend our sincere thanks to our shareholders, customers, and communities for their continued trust and support.”