Don't expect second-quarter earnings reports from community banks to set the world on fire, as low rates, fierce competition and a lackluster economy take their toll.

Some small banks were able to generate slight momentum in the first quarter, with Eagle Bancorp (EGBN) of Bethesda, Md., one of the banking companies that produced double-digit profit growth from a year earlier. Yet those positive trends are easy to misread, some analysts say. Profit growth at many banking companies will be modest, they predict.

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