Northway Financial Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. The company reported net income for the quarter ended March 31, 2013 of $2,028,000 compared to net income of $1,483,000 for the quarter ended March 31, 2012. For the quarter ended March 31, 2013, $1,948,000, or $0.74 per common share, was available to common stockholders compared to $1,340,000, or $0.51 per common share, for the same period last year. Net interest and dividend income for the quarter ended March 31, 2013, increased $186,000 to $6,537,000 compared to $6,351,000 for the same period last year. The company's returns on average assets and average equity for quarter ended March 31, 2013 were 0.96% and 10.06%, respectively, compared to 0.72% and 7.81% for the same period last year. Book value per share of common shares outstanding was $22.08 as at March 31, 2013 compared to $20.04 per share as at March 31, 2012. Tangible book value per share of common shares outstanding was $17.64 as at March 31, 2013 compared to $15.82 per share as at March 31, 2012.

Northway Financial Inc. reported earnings results for the fourth quarter of 2012. The company posted 2012 fourth-quarter net income available to common stockholders of approximately $1.7 million, or 65 cents per basic share, compared to $67,000, or 2 cents per basic share, for the same period last year.

Russell Cronin Jr. has joined Northway Financial Inc. and unit Northway Bank as senior vice president and CFO of both organizations, effective Jan. 1. Cronin was previously affiliated with State Street Corp. unit State Street Bank and Trust Co. in Boston.