OTTAWA, Ill., Aug. 17, 2022 (GLOBE NEWSWIRE) -- 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.
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Fri, Aug 12, 2022 05:13 - Ottawa Bancorp, Inc. ( OTTW : OTCQX U.S.) released their Quarterly Report concerning OSB Community Bank Quarterly Balance Sheet/Income Statement. To read the complete report, please visit: http://www.otcmarkets.com/financialReportViewer?symbol=OTTW&id=342555 .
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OTTAWA, Ill., May 05, 2022 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.9 million, or $0.33 per basic and diluted common share for the three months ended March 31, 2022, compared to net income of $0.6 million, or $0.20 per basic and diluted common share for the three months ended March 31, 2021. The loan portfolio, net of allowance, decreased to $281.6 million as of March 31, 2022 from $283.9 million as of December 31, 2021 as payoffs and payments exceeded originations. Non-performing loans decreased from $1.8 million at December 31, 2021 to $1.1 million at March 31, 2022, which caused the ratio of non-performing loans to gross loans to decrease from 0.57% at December 31, 2021 to 0.37% at March 31, 2022. Additionally, through March 31, 2022, the Company has repurchased a total of 737,585 shares of its common stock at an average price of $13.35 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.
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Ottawa Bancorp, Inc. (OTC:OTTW) declares $0.11/share quarterly dividend, 10.0% increase from prior dividend of $0.10.Forward 4.23%Payable March 16; for shareholders of record March 2;…
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OTTAWA, Ill., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.8 million, or $0.28 per basic and diluted common share for the three months ended December 31, 2021, compared to net income of $0.8 million, or $0.30 per basic and diluted common share for the three months ended December 31, 2020. For the twelve months ended December 31, 2021, the Company announced net income of $2.90 million, or $1.03 per basic and diluted common share, compared to net income of $2.48 million, or $0.85 per basic and $0.84 diluted common share for the twelve months ended December 31, 2020. The loan portfolio, net of allowance, increased to $283.9 million as of December 31, 2021 from $255.1 million as of December 31, 2020. Non-performing loans increased from $1.3 million at December 31, 2020 to $1.6 million at December 31, 2021, which caused the ratio of non-performing loans to gross loans to increase from 0.51% at December 31, 2020 to 0.57% at December 31, 2021.
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OTTAWA, Ill., July 22, 2021 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the Company) (OTCQX: OTTW), the holding company for Ottawa Savings Bank, FSB (the Bank), announced net income of $0.7 million, or $0.26 per basic and diluted common share for the three months ended June 30, 2021, compared to net income of $0.8 million, or $0.25 per basic and diluted common share for the three months ended June 30, 2020. For the six months ended June 30, 2021, the Company announced net income of $1.3 million, or $0.46 per basic and diluted common share, compared to net income of $0.8 million, or $0.27 per basic and diluted common share for the six months ended June 30, 2020. During the second quarter of 2021, the Company experienced an increase in loan originations which drove growth in the loan portfolio. The loan portfolio, net of allowance, increased to $280.8 million as of June 30, 2021 from $255.1 million as of December 31, 2020. Non-performing loans increased from $1.3 million at December 31, 2020 to $1.5 million at June 30, 2021, resulting in the ratio of non-performing loans to gross loans increasing from 0.51% at December 31, 2020 to 0.54% at June 30, 2021.
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