Oxford Bank Corporation Announces First Quarter 2021 Operating Results
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OXFORD, Mich., April 28, 2021 /PRNewswire/ Oxford Bank Corporation ( the Company ) (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ( the Bank ), today announced record operating results for the first quarter ended March 31, 2021.
The Company s quarterly consolidated earnings for the three months ended March 31, 2021, were $3,088,000, or $1.35 per weighted average share compared to $1,387,000, or $0.61 per weighted average share for the same period one year ago.
Oxford Bank - Oxford, MI (PRNewsfoto/Oxford Bank Corporation)
Total Assets of the Company increased to $757.0 million as of March 31, 2021 from $691.1 million at December 31, 2020 and $513.6 million at March 31, 2020. The increase in assets was due to the Bank s continued participation in the PPP program in 2021 resulting in the origination of an additional $96.9 million in
Oxford Bank Corporation Announces Fourth Quarter 2020 Operating Results
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OXFORD, Mich., Jan. 28, 2021 /PRNewswire/ Oxford Bank Corporation ( the Company ) (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ( the Bank ), today announced profitable operating results for the fourth quarter and year ended December 31, 2020.
Oxford Bank - Oxford, MI (PRNewsfoto/Oxford Bank Corporation)
The Company s quarterly consolidated earnings for the three months ended December 31, 2020, were $2,257,000, or $0.98 per weighted average share compared to $1,603,000, or $0.70 per weighted average share for the same period one year ago. Year-to-date consolidated earnings were $7,001,000 or $3.04 per weighted average share for the twelve months ended December 30, 2020 compared to $5,277,000 or $2.31 per weighted average share for the twelve months ended December 31, 2019.