MOOREFIELD, W.Va. (AP) - Financial holding company Summit Financial Group Inc. said Tuesday that second-quarter earnings will fall 14 percent to 16 percent below year-ago results due to a reduction in mortgage origination sales.

The company said quarterly earnings will range between 36 cents and 37 cents per share, down from the 43 cents per share posted in the year-ago period.

Summit's mortgage origination division, Summit Mortgage, saw its sales fall 16.4 percent to $5.9 million from $7.1 million during the same period last year on reductions in mortgage originations. The unit's quarterly loan originations dropped to $67.1 million from $83.6 million in the prior-year period.

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