Q1 Financial Position Demonstrates Bank’s Strength
06/14/23
Consolidated earnings were $462,000, or $0.26 per share, for the quarter ended March 31, 2023 compared to $374,000, or $0.21 per share, for the comparative period in 2022. Current quarter consolidated earnings of $0.26 per share were attributable entirely to core operations, whereas prior quarter consolidated earnings of $0.21 per share were comprised of $0.18 per share attributable to core operations and $0.03 per share due to impacts from the Paycheck Protection Program.
Read MoreCore Earnings Increase YOY, PPP Winds Down
09/06/22
Earnings were $936,000, or $0.52 per share, for the six months ended June 30, 2022 compared to $1,047,000, or $0.58 per share, for the comparative period in 2021. While total year-to-date earnings in 2022 trailed slightly behind those of 2021, earnings related to the Bank's core operations have increased.
Read MoreStrong Q1 Growth Sets Pace for 2022
05/26/22
The first quarter of 2022 set the pace for growth and earnings for the year. Total assets at March 31, 2022 were $249.2 million, finishing the quarter just short of $250 million. The Bank is positioned to achieve $250 million in total assets early in the second quarter, a significant milestone for the Bank.
Read More