Strong 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.

Taking a Disciplined Approach to Setting Interest Rates

After our record loan growth of $14 million late in the fourth quarter, our Q1 loan production moved into an anticipated and natural quiet period. We also experienced some significant loan payoffs as our business owners took advantage of record valuations to sell their business assets.

Inflation and Rising Rates: What Borrowers Need to Know

As you have read or heard on the news, the Federal Reserve has raised interest rates by 75 basis points so far this year, and are indicating there will be many more incremental increases to follow. With that in mind, here's an overview of what you need to know as a borrower.

Exceptional 2021 Performance Exceeds Goals

03/01/22

High Tech or High Touch? Finding the Right Balance