Keeping Account 08.09.12

Local business

Protecting Baby Bums
    After failing to find effective and chemical-free sunscreen for her two young children, Kristen Peterson of East Hampton, the founder of babyhampton, decided to create her own, and this summer launched the beach*bum S.P.F. 30 sunscreen and sunstick line for babies.
    Her goal, she said in a release, was to ensure that her children got “the best broad-spectrum protection without all the chemicals.” Instead of titanium dioxide, beach*bum uses zinc oxide, which provides protections against both U.V.A. and U.V.B. rays, and certified organic ingredients like grape seed extract, green tea and rose hip antioxidants, shea butter, and extra virgin olive and jojoba oils, which help to moisturize the skin. 
    Beach*bum is available at locally at Kahn’s Sports and Second Nature in East Hampton, Mandala Yoga in Amagansett, and Main Beach Surf and Sport in Wainscott, as well as several other stores.

Uptick at Suffolk Bancorp
    Suffolk Bancorp, the parent company of the Suffolk County National Bank, has reported net income of $4.2 million for the 2012 quarter ended on July 30, or 43 cents per share, an increase from $3.3 million, or 34 cents a share, a year ago.
    The improvement in second-quarter earnings was largely attributed to a $5.6 million reduction in loan losses and an $891,000 decrease in overall operating expenses. The bank also reduced its net interest income for the quarter to $14.88 million, compared to $17.89 million in the second quarter last year. These results, along with eliminating certain nonperforming assets, borrowing expenses, and consulting fees, substantially improved the company’s balance sheet when compared to last year.
    Howard C. Bluver, the bank’s president and CEO, commended its new executive management team for cleaning up the company’s balance sheet.

Clic General Store
    The Clic Gallery and Bookstore has opened a spinoff store, Clic General Store, featuring accessories, clothing, toys, and home goods. The pieces, from independent artisans and designers, are chosen to reflect what Clic believes is a growing demand for one-of-a-kind wares. Clic General Store is at 38 Newton Lane in East Hampton and is open Monday through Thursday from 10 to 6 p.m., and Friday through Sunday from 10 to 7 p.m.