Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding
company for OSB Community Bank (the “Bank”), announced net income
of $0.7 million, or $0.28 per basic and diluted common share, for
the three months ended June 30, 2022, compared to net income of
$0.7 million, or $0.26 per basic and diluted common share for the
three months ended June 30, 2021. For the six months ended June 30,
2022, the Company announced net income of $1.6 million, or $0.59
per basic and diluted common share, compared to net income of $1.3
million, or $0.46 per basic and diluted common share, for the six
months ended June 30, 2021. During the second quarter of 2022, the
Company continued to grow the loan portfolio even though loan
originations have tapered off significantly throughout 2022. The
loan portfolio, net of allowance, increased to $290.6 million as of
June 30, 2022 from $283.9 million as of December 31, 2021.
Non-performing loans decreased from $1.6 million at December 31,
2021 to $1.0 million at June 30, 2022, resulting in the ratio of
non-performing loans to gross loans decreasing from 0.57% at
December 31, 2021 to 0.35% at June 30, 2022. Additionally, through
June 30, 2022, the Company has repurchased a total of 823,085
shares of its common stock at an average price of $13.47 per share
as part of the five stock repurchase programs approved by the Board
of Directors since the Company’s second step conversion was
completed in 2016.
Craig Hepner, President and Chief Executive
Officer of the Company, said, “I am pleased to report solid results
from the Company’s operations during the second quarter of 2022 and
for the first six months ended June 30, 2022. Although overall
asset growth has been flat during the first half of 2022, we have
been able to grow the loan portfolio through the redeployment of
cash and investments. This is in spite of a substantial increase in
market interest rates during the first six months of the year.”
Hepner went on to say, “Deposit growth has been steady as we
continue to reduce our reliance on time deposits in favor of less
costly core demand deposits as we continue to focus on maintaining
our strong net interest margin.”
Comparison of Results of Operations for the Three Months
Ended June 30, 2022 and June 30, 2021
Net income for the three-months ended June 30,
2022 and June 30, 2021 was $0.7 million. Total interest and
dividend income was $3.2 million for the three months ended June
30, 2022 and for the three months ended June 30, 2021. Interest
expense was $0.3 million for the three months ended June 30, 2022
and $0.4 million for the three months ended June 30, 2021. In
addition, no provision for loan losses was taken during the three
months ended June 30, 2022 as compared to $75,000 for the three
months ended June 30, 2021. During the three months ended June 30,
2022, with the uncertainty of the impact that Federal Reserve
interest rate hikes would have on the local and national economies,
qualitative factors were unchanged during the period. In 2022,
non-performing loan levels have improved as the economy continues
to remain steady even though there are signs of it slowing. Net
interest income after provision for loan losses improved to $2.9
million for the three months ended June 30, 2022 as compared to
$2.7 million for the three months ended June 30, 2021. Total other
income decreased from $0.8 million for the three months ended June
30, 2021, to $0.4 million for the three months ended June 30, 2022.
This decrease of $0.4 million for the three months ended June 30,
2022 was primarily due to lower loan origination levels for
one-to-four family loans during the second quarter which resulted
in a corresponding decrease in gain on sale of loans and loan
origination and servicing income. These decreases were slightly
offset by an increase in customer service fees. Total other
expenses decreased from $2.5 million at June 30, 2021 to $2.2
million for the three months ended June 30, 2022. The decrease was
primarily due to a $0.2 million decline in compensation-related
costs in the area of mortgage loan origination as a result of the
significant reduction in mortgage volume in 2022 from 2021
levels.
The Company recorded no provision for loan
losses for the three months ended June 30, 2022 as compared to
$75,000 for the three months ended June 30, 2021. The allowance for
loan losses was $3.6 million or 1.21% of total gross loans at June
30, 2022 compared to $3.6 million or 1.27% of total gross loans at
June 30, 2021. Net charge-offs (recoveries) during the second
quarter of 2022 were $(6,244) compared to $(21,438) during the
second quarter of 2021. General allocation of reserves was slightly
lower at June 30, 2022, when compared to June 30, 2021, even though
balances in many loan categories were higher during the twelve
months ended June 30, 2022. In addition, due to the uncertain
impact of the Federal Reserve interest rate increases on the local
and national economies, qualitative factors have been maintained at
current levels. With non-performing loans decreasing, the necessary
reserves on non-performing loans as of June 30, 2022 were
approximately $41,000 lower than they were as of June 30, 2021
mostly due to the improvement of several credits and because the
few loans that were added required little or no specific allocation
of reserves when compared to those loans that were removed.
The Company recorded income tax expense of
approximately $0.3 million for the three-months ended June 30, 2022
and June 30, 2021.
Comparison of Results of Operations for the Six Months
Ended June 30, 2022 and June 30, 2021
Net income was $1.6 million for the six-month
period ended June 30, 2022 compared to net income of $1.3 million
for the six-month period ended June 30, 2021. Total interest and
dividend income was $6.4 million for the six-month period ended
June 30, 2022 and $6.1 million for the six-month period ended June
30, 2021. Interest expense was $0.2 million lower during the six
months ended June 30, 2022. In addition, no provision for loan
losses was taken during the six months ended June 30, 2022 as
compared to $0.1 million for the six months ended June 30, 2021.
During 2022, with the uncertainty of the impact that Federal
Reserve interest rate hikes would have on the local and national
economies, qualitative factors were unchanged during the period. In
2022, non-performing loan levels have improved as the economy
continues to remain steady even though there are signs of it
slowing. Net interest income after provision for loan losses
improved to $5.7 million during the six months ended June 30, 2022
as compared to $5.1 million during the six months ended June 30,
2021. Total other income decreased from $1.4 million during the six
months ended June 30, 2021 to $0.9 million during the six months
ended June 30, 2022. This decrease of $0.5 million was primarily
due to lower loan origination levels for one-to-four family loans
during the period, which resulted in a corresponding decrease in
gain on sale of loans and loan origination and servicing income of
$0.4 million. Total other expenses decreased to $4.4 million for
the six months ended June 30, 2022 from $4.7 million for the six
months ended June 30, 2021. This decrease was primarily due to a
$0.3 million decline in compensation-related costs and a $0.1
million reduction in loan expense during the six months ended June
30, 2022.
We recorded no provision for loan losses for the
six-month period ended June 30, 2022 as compared to $0.1 million
for the sixth-month period ended June 30, 2021. The allowance for
loan losses was $3.6 million or 1.21% of total gross loans at June
30, 2022 compared to $3.6 million or 1.27% of gross loans at June
30, 2021. Net charge-offs (recoveries) during the first six months
of 2021 were $(67,247) compared to $(21,299) during the first six
months of 2021.
We recorded income tax expense of approximately
$0.6 million during the six-month period ended June 30, 2022 as
compared to $0.5 million during the six month period ended June 30,
2021.
Comparison of Financial Condition at
June 30, 2022 and December 31, 2021
Total consolidated assets as of June 30, 2022
were $343.3 million, an increase of $0.8 million, or 0.2%,
from $342.5 million at December 31, 2021. The increase was
primarily due to an increase of $1.8 million in cash and cash
equivalents, a $6.7 million increase in the net loan portfolio and
a $0.7 million increase in deferred tax assets. These increases
were offset by a decrease of $1.7 million in federal funds sold and
a decrease of $6.2 million in securities available for sale.
Cash and cash equivalents increased by $1.8
million, or 28.0%, to $8.3 million at June 30, 2022 from $6.5
million at December 31, 2021. The increase in cash and cash
equivalents was primarily the result of cash provided from
financing activities of $2.0 million and cash provided by operating
activities of $1.7 million exceeding cash used in investing
activities of $1.9 million.
Securities available for sale decreased by $6.2
million, or 18.9% to $26.5 million at June 30, 2022 from $32.7
million at December 31, 2021, as paydowns, calls, and maturities
exceeded new securities purchases.
Net loans increased by $6.7 million, or 2.4%, to
$290.6 million at June 30, 2022 compared to $283.9 million at
December 31, 2021 primarily as a result of an increase of $3.9
million in one-to-four family loans, an increase of $0.5 million in
multi-family loans, an increase of $4.9 million in non-residential
real estate loans and a $0.6 million increase in commercial loans.
These increases were offset by decreases of $1.7 million in
consumer direct loans and $1.5 million in purchased auto loans. The
allowance for loan losses decreased by $0.1 million.
Total deposits increased $10.5 million, or 3.8%,
to $283.6 million at June 30, 2022 from $273.1 million at December
31, 2021. During the six months ended June 30, 2022, savings
accounts increased by $1.3 million, non-interest bearing checking
accounts increased by $1.7 million, interest bearing checking
accounts increased by $5.0 million and money market accounts
increased by $2.6 million. These increases were offset by a $0.1
million decrease in certificates of deposits.
FHLB advances decreased $6.0 million to $10.5
million at June 30, 2022 as compared to $16.5 million at December
31, 2021.
Stockholders’ equity decreased $2.9 million, or
6.3%, to $43.1 million at June 30, 2022 from $46.0 million at
December 31, 2021. The decrease reflects $1.7 million used to
repurchase and cancel 118,500 outstanding shares of Company common
stock, a decrease of $2.2 million in other comprehensive income due
to a decrease in fair value of securities available for sale and
$0.6 million in cash dividends paid. These were partially offset by
net income of $1.6 million for the six months ended June 30,
2022.
Announcement of Quarterly Cash
Dividend
The Company also announced today that its Board
of Directors has declared a quarterly cash dividend of $0.11 per
share, payable on or about September 14, 2022, to stockholders of
record as of the close of business on August 31, 2022.
About Ottawa Bancorp, Inc.
Ottawa Bancorp, Inc. is the holding company for
OSB Community Bank, which provides various financial services to
individual and corporate customers in the United States. The Bank
offers various deposit accounts, including checking, money market,
regular savings, club savings, certificates of deposit and various
retirement accounts. Its loan portfolio includes one-to-four family
residential mortgage, multi-family and non-residential real estate,
commercial and construction loans as well as auto loans and home
equity lines of credit. OSB Community Bank, FSB was founded in 1871
and is headquartered in Ottawa, Illinois. For more information
about the Company and the Bank, please visit www.myosb.bank.
Cautionary Statement Regarding
Forward-Looking Statements
This news release contains forward-looking
statements within the meaning of the federal securities laws.
Statements in this release that are not strictly historical are
forward-looking and are based upon current expectations that may
differ materially from actual results. These forward-looking
statements, identified by words such as “will,” “expected,”
“believe,” and “prospects,” involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated by the statements made herein. These risks and
uncertainties involve general economic trends and changes in
interest rates, increased competition, changes in consumer demand
for financial services, the possibility of unforeseen events
affecting the industry generally, the uncertainties associated with
newly developed or acquired operations, market disruptions and the
potential effects of the COVID-19 pandemic on the local and
national economic environment, on our customers and on our
operations as well as any changes to federal, state and local
government laws, regulations and orders in connection with the
pandemic. Ottawa Bancorp, Inc. undertakes no obligation to release
revisions to these forward-looking statements publicly to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unforeseen events, except as required to be reported
under the rules and regulations of the Securities and Exchange
Commission.
|
Ottawa Bancorp, Inc. & Subsidiary |
Consolidated Balance Sheets |
June 30, 2022 and December 31, 2021 |
(Unaudited) |
|
|
|
June 30, |
|
December 31, |
|
|
|
2022 |
|
|
|
2021 |
|
Assets |
|
|
|
|
Cash and due from banks |
|
$ |
7,210,389 |
|
|
$ |
5,266,361 |
|
Interest bearing deposits |
|
|
1,124,335 |
|
|
|
1,249,947 |
|
Total cash and cash equivalents |
|
|
8,334,724 |
|
|
|
6,516,308 |
|
Time deposits |
|
|
250,000 |
|
|
|
250,000 |
|
Federal funds sold |
|
|
- |
|
|
|
1,716,000 |
|
Securities available for sale |
|
|
26,513,985 |
|
|
|
32,700,414 |
|
Loans, net of allowance for loan losses of $3,572,898 and
$3,640,145 at June 30, 2022 and December 31, 2021,
respectively |
|
|
290,567,027 |
|
|
|
283,877,203 |
|
Loans held for sale |
|
|
234,125 |
|
|
|
403,920 |
|
Premises and equipment, net |
|
|
6,239,067 |
|
|
|
6,331,188 |
|
Accrued interest receivable |
|
|
968,292 |
|
|
|
1,007,399 |
|
Deferred tax assets |
|
|
2,472,771 |
|
|
|
1,793,910 |
|
Cash value of life insurance |
|
|
2,671,470 |
|
|
|
2,649,941 |
|
Goodwill |
|
|
649,869 |
|
|
|
649,869 |
|
Core deposit intangible |
|
|
83,227 |
|
|
|
100,326 |
|
Other assets |
|
|
4,306,716 |
|
|
|
4,528,862 |
|
Total assets |
|
$ |
343,291,273 |
|
|
$ |
342,525,340 |
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
Liabilities |
|
|
|
|
Deposits: |
|
|
|
|
Non-interest bearing |
|
$ |
24,586,047 |
|
|
$ |
22,898,814 |
|
Interest bearing |
|
|
258,993,647 |
|
|
|
250,152,124 |
|
Total deposits |
|
|
283,579,694 |
|
|
|
273,050,938 |
|
Accrued interest payable |
|
|
44,390 |
|
|
|
48,825 |
|
FHLB advances |
|
|
10,512,322 |
|
|
|
16,524,555 |
|
Other liabilities |
|
|
4,197,281 |
|
|
|
4,860,206 |
|
Total liabilities |
|
|
298,333,687 |
|
|
|
294,484,524 |
|
Commitments and contingencies |
|
|
|
|
ESOP Repurchase Obligation |
|
|
1,873,688 |
|
|
|
2,066,911 |
|
Stockholders' Equity |
|
|
|
|
Common stock, $.01 par value, 12,000,000 shares authorized;
2,694,262 and 2,818,517 shares issued at June 30, 2022 and December
31, 2021, respectively |
|
|
26,942 |
|
|
|
28,185 |
|
Additional paid-in-capital |
|
|
26,652,231 |
|
|
|
28,473,180 |
|
Retained earnings |
|
|
21,550,391 |
|
|
|
20,536,121 |
|
Unallocated ESOP shares |
|
|
(949,340 |
) |
|
|
(949,340 |
) |
Unallocated management recognition plan shares |
|
|
(176,020 |
) |
|
|
(99,352 |
) |
Accumulated other comprehensive income (loss) |
|
|
(2,146,618 |
) |
|
|
52,022 |
|
|
|
|
44,957,586 |
|
|
|
48,040,816 |
|
Less: |
|
|
|
|
ESOP Owned Shares |
|
|
(1,873,688 |
) |
|
|
(2,066,911 |
) |
Total stockholders' equity |
|
|
43,083,898 |
|
|
|
45,973,905 |
|
Total liabilities and stockholders' equity |
|
$ |
343,291,273 |
|
|
$ |
342,525,340 |
|
Ottawa Bancorp, Inc. & Subsidiary |
Consolidated Statements of Operations |
Three and Six Months Ended June 30 2022 and
2021 |
(Unaudited) |
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
|
2022 |
|
|
|
2021 |
|
|
|
2022 |
|
|
|
2021 |
|
Interest and dividend income: |
|
|
|
|
|
|
|
|
Interest and fees on loans |
|
$ |
3,030,894 |
|
|
$ |
3,051,210 |
|
|
$ |
6,049,719 |
|
|
$ |
5,846,598 |
|
Securities: |
|
|
|
|
|
|
|
|
Residential mortgage-backed and related securities |
|
|
81,243 |
|
|
|
39,153 |
|
|
|
164,052 |
|
|
|
80,595 |
|
State and municipal securities |
|
|
47,088 |
|
|
|
67,682 |
|
|
|
99,392 |
|
|
|
135,606 |
|
Dividends on non-marketable equity securities |
|
|
9,672 |
|
|
|
8,469 |
|
|
|
18,647 |
|
|
|
17,140 |
|
Interest-bearing deposits |
|
|
11,838 |
|
|
|
4,509 |
|
|
|
18,242 |
|
|
|
10,681 |
|
Total interest and dividend income |
|
|
3,180,736 |
|
|
|
3,171,023 |
|
|
|
6,350,052 |
|
|
|
6,090,620 |
|
Interest expense: |
|
|
|
|
|
|
|
|
Deposits |
|
|
276,050 |
|
|
|
326,540 |
|
|
|
528,457 |
|
|
|
702,677 |
|
Borrowings |
|
|
53,381 |
|
|
|
57,003 |
|
|
|
112,720 |
|
|
|
143,526 |
|
Total interest expense |
|
|
329,431 |
|
|
|
383,543 |
|
|
|
641,177 |
|
|
|
846,203 |
|
Net interest income |
|
|
2,851,305 |
|
|
|
2,787,480 |
|
|
|
5,708,875 |
|
|
|
5,244,417 |
|
Provision for loan losses |
|
|
- |
|
|
|
75,000 |
|
|
|
- |
|
|
|
125,000 |
|
Net interest income after provision for loan
losses |
|
|
2,851,305 |
|
|
|
2,712,480 |
|
|
|
5,708,875 |
|
|
|
5,119,417 |
|
Other income: |
|
|
|
|
|
|
|
|
Gain on sale of loans |
|
|
31,490 |
|
|
|
345,029 |
|
|
|
121,823 |
|
|
|
518,842 |
|
Gain on sale of repossessed assets, net |
|
|
- |
|
|
|
5,118 |
|
|
|
- |
|
|
|
6,074 |
|
Loan origination and servicing income |
|
|
193,231 |
|
|
|
258,336 |
|
|
|
460,014 |
|
|
|
563,943 |
|
Origination of mortgage servicing rights, net of amortization |
|
|
(4,279 |
) |
|
|
52,374 |
|
|
|
10,360 |
|
|
|
61,990 |
|
Customer service fees |
|
|
119,964 |
|
|
|
97,440 |
|
|
|
234,671 |
|
|
|
187,774 |
|
Increase in cash surrender value of life insurance |
|
|
10,816 |
|
|
|
11,893 |
|
|
|
21,529 |
|
|
|
24,394 |
|
Other |
|
|
10,159 |
|
|
|
21,768 |
|
|
|
25,246 |
|
|
|
46,788 |
|
Total other income |
|
|
361,381 |
|
|
|
791,958 |
|
|
|
873,643 |
|
|
|
1,409,805 |
|
Other expenses: |
|
|
|
|
|
|
|
|
Salaries and employee benefits |
|
|
1,339,518 |
|
|
|
1,561,034 |
|
|
|
2,627,883 |
|
|
|
2,909,426 |
|
Director fees |
|
|
46,500 |
|
|
|
38,750 |
|
|
|
93,000 |
|
|
|
78,750 |
|
Occupancy |
|
|
154,271 |
|
|
|
157,981 |
|
|
|
322,614 |
|
|
|
305,695 |
|
Deposit insurance premium |
|
|
21,500 |
|
|
|
18,000 |
|
|
|
42,548 |
|
|
|
36,178 |
|
Legal and professional services |
|
|
79,591 |
|
|
|
92,468 |
|
|
|
150,496 |
|
|
|
171,677 |
|
Data processing |
|
|
282,634 |
|
|
|
284,235 |
|
|
|
564,008 |
|
|
|
508,531 |
|
Loss on sale of securities |
|
|
2,823 |
|
|
|
- |
|
|
|
2,823 |
|
|
|
- |
|
Loan expense |
|
|
71,117 |
|
|
|
107,676 |
|
|
|
155,859 |
|
|
|
295,394 |
|
Valuation adjustments and expenses on foreclosed real estate |
|
|
- |
|
|
|
7,712 |
|
|
|
- |
|
|
|
9,714 |
|
Other |
|
|
208,029 |
|
|
|
212,953 |
|
|
|
395,396 |
|
|
|
416,966 |
|
Total other expenses |
|
|
2,205,983 |
|
|
|
2,480,809 |
|
|
|
4,354,628 |
|
|
|
4,732,331 |
|
Income before income tax expense |
|
|
1,006,703 |
|
|
|
1,023,629 |
|
|
|
2,227,889 |
|
|
|
1,796,891 |
|
Income tax expense |
|
|
276,386 |
|
|
|
275,017 |
|
|
|
618,756 |
|
|
|
480,591 |
|
Net income |
|
$ |
730,317 |
|
|
$ |
748,612 |
|
|
$ |
1,609,133 |
|
|
$ |
1,316,300 |
|
Basic earnings per share |
|
$ |
0.28 |
|
|
$ |
0.26 |
|
|
$ |
0.59 |
|
|
$ |
0.46 |
|
Diluted earnings per share |
|
$ |
0.28 |
|
|
$ |
0.26 |
|
|
$ |
0.59 |
|
|
$ |
0.46 |
|
Dividends per share |
|
$ |
0.11 |
|
|
$ |
0.10 |
|
|
$ |
0.23 |
|
|
$ |
0.44 |
|
Ottawa Bancorp, Inc. & Subsidiary |
Selected Financial Data and Ratios |
(Unaudited) |
|
|
|
At or for the |
|
At or for the |
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Performance Ratios: |
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets
(5) |
|
0.84 |
% |
|
0.90 |
% |
|
0.93 |
% |
|
0.82 |
% |
Return on average
stockholders' equity (5) |
|
6.55 |
|
|
6.65 |
|
|
7.13 |
|
|
5.37 |
|
Average stockholders' equity
to average assets |
|
12.82 |
|
|
13.57 |
|
|
13.00 |
|
|
15.23 |
|
Stockholders' equity to total
assets at end of period |
|
12.55 |
|
|
14.32 |
|
|
12.55 |
|
|
14.32 |
|
Net interest rate spread (1)
(5) |
|
3.48 |
|
|
3.44 |
|
|
3.49 |
|
|
3.34 |
|
Net interest margin (2)
(5) |
|
3.52 |
|
|
3.55 |
|
|
3.52 |
|
|
3.46 |
|
Other expense to average
assets |
|
0.63 |
|
|
0.75 |
|
|
1.26 |
|
|
1.47 |
|
Efficiency ratio (3) |
|
68.66 |
|
|
69.29 |
|
|
66.17 |
|
|
71.12 |
|
Dividend payout ratio |
|
39.29 |
|
|
37.86 |
|
|
37.38 |
|
|
95.88 |
|
|
|
At or for the |
|
At or for the |
|
|
Six Months Ended |
|
Twelve Months Ended |
|
|
June 30, |
|
December 31, |
|
|
|
2022 |
|
|
|
2021 |
|
|
|
(unaudited) |
Regulatory Capital
Ratios (4): |
|
|
|
|
|
|
Total risk-based capital (to risk-weighted assets) |
|
|
19.41 |
% |
|
|
19.58 |
% |
|
Tier 1 core capital (to
risk-weighted assets) |
|
|
18.16 |
|
|
|
18.32 |
|
|
Common equity Tier 1 (to
risk-weighted assets) |
|
|
18.16 |
|
|
|
18.32 |
|
|
Tier 1 leverage (to adjusted
total assets) |
|
|
13.10 |
|
|
|
13.27 |
|
|
Asset Quality
Ratios: |
|
|
|
|
|
|
Net charge-offs to average
gross loans outstanding |
|
|
0.47 |
|
|
|
(0.02 |
) |
|
Allowance for loan losses to
gross loans outstanding |
|
|
1.21 |
|
|
|
1.27 |
|
|
Non-performing loans to gross
loans (6) |
|
|
0.35 |
|
|
|
0.57 |
|
|
Non-performing assets to total
assets (6) |
|
|
0.30 |
|
|
|
0.48 |
|
|
Other
Data: |
|
|
|
|
|
|
Book Value per common
share |
|
$ |
15.99 |
|
|
$ |
16.53 |
|
|
Tangible Book Value per common
share (7) |
|
$ |
15.72 |
|
|
$ |
16.26 |
|
|
Number of full-service
offices |
|
|
3 |
|
|
|
3 |
|
|
|
|
|
(1) Represents the difference between the weighted average yield on
average interest-earning assets and the weighted average cost of
funds on average interest-bearing liabilities.(2) Represents net
interest income as a percent of average interest-earning assets.(3)
Represents total other expenses divided by the sum of net interest
income and total other income.(4) Ratios are for OSB Community
Bank.(5) Annualized.(6) Non-performing assets consist of
non-performing loans, foreclosed real estate, and other foreclosed
assets. Non-performing loans consist of all loans 90 days or more
past due and all loans no longer accruing interest.(7) Non-GAAP
measure. Excludes goodwill and core deposit intangible. |
Craig HepnerPresident and Chief Executive Officer(815)
366-5437
Ottawa Savings Bancorp (NASDAQ:OTTW)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Ottawa Savings Bancorp (NASDAQ:OTTW)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024