Core Earnings Increase YOY, PPP Winds Down


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.

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Strong Q1 Growth Sets Pace for 2022


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.

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