Surry Business

Net income at Elkin-based Yadkin Valley Financial Corp. (NASDAQ: YAVY) increased 10.7 percent to $3.8 million in the second quarter.

Year-to-date earnings for the company, which operates Yadkin Valley Bank, are up 21.3 percent from 2006.

The bank attributed the increase in earnings to non-interest income that rose 17.9 percent in the quarter and to a decrease in provisions for loan losses, which fell 63.6 percent. Interest income also was up slightly, by 0.9 percent.

As of June 30, Yadkin Valley had total assets of $1.13 billion, up by $10.9 million since the end of 2006. Deposits totaled $942.5 million, up $34.7 million so far this year, and loans totaled $857.4 million.