![]() Since June 30, 2021, the Bank's core loan portfolio, excluding PPP, increased by $25.6 million or 9.0%. This exceeded gross loan balances at September 30, 2020, by $25.5 million representing an increase of 7.4% year-over-year. Total gross loans outstanding were $371.6 million as of September 30, 2021, which includes $61.0 million in Paycheck Protection Program (PPP) loans. ![]() With the first round of PPP loans almost all forgiven, the Bank is focusing on core loan growth while maintaining the strong credit quality of the portfolio." Since June 30, 2021, total assets have decreased $3.8 million or 0.8%, and since September 30, 2020, total assets have increased by $53.2 million or 12.7%.Īnker Fanoe, President and CEO, commented, "The third quarter results show sustained growth. ![]()
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