Blueharbor bank profit rises

Mooresville-based Blueharbor bank said Tuesday that its first quarter profit grew about 32 percent from a year ago, reaching $243,518.

Assets grew from the end of the year as the bank increased its loan portfolio by about 7 percent, to $106.9 million.

But CEO Jim Marshall says he's seen signs of a slowing economy, including declines in teh stock price of national homebuilders.

"Time will tell if these developing clouds will influence what now appears to be a growing and healthy local economy," he said in a statement.