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SALISBURY, Md., April 30, 2021 (GLOBE NEWSWIRE) Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva (“Delmarva”), Seaford, Delaware, and Virginia Partners Bank (“Virginia Partners”), Fredericksburg, Virginia, reported net income attributable to the Company of $1.1 million, or $0.06 per share, for the three months ended March 31, 2021, a $1.3 million or 54.7% decrease when compared to net income attributable to the Company of $2.4 million, or $0.14 per share, for the same period in 2020.
The Company’s results of operations for the three months ended March 31, 2021 were directly impacted by a decrease in net interest income and a lower net interest margin (tax equivalent basis), significantly higher provision for credit losses due to the deterioration in asset quality of two loan relationships that have been individually evaluated for impairment, the current economic environment and the COVID-19 pand
Partners Bancorp Reports Results of Operations for the First Quarter 2021
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® (NYSE: PB), the parent company of Prosperity Bank
® (collectively, Prosperity ), reported net income for the quarter ended March 31, 2021 of $133.3 million compared with $130.8 million for the same period in 2020. Net income per diluted common share was $1.44 compared with $1.39 for the same period in 2020 and the annualized return on first quarter average assets was 1.54%. Additionally, deposits increased $1.403 billion or 5.1% (20.5% annualized) during the first quarter 2021 and nonperforming assets remain low at 0.15% of first quarter average interest-earning assets. With the hard work of our entire team, the combination of Prosperity and LegacyTexas has continued to bear fruit, as reflected in our positive results for the first quarter of 2021, said David Zalman, Prosperity s Senior Chairman and Chief Executive Officer.
Partners Bancorp Reports Results of Operations for the Fourth Quarter 2020
March 02, 2021 08:15 ET | Source: Partners Bancorp Partners Bancorp Salisbury, Maryland, UNITED STATES
SALISBURY, Md., March 02, 2021 (GLOBE NEWSWIRE) Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva (“Delmarva”), Seaford, Delaware, and Virginia Partners Bank (“Virginia Partners”), Fredericksburg, Virginia, reported net income attributable to the Company of $1.1 million, or $0.06 per share, for the three months ended December 31, 2020, a $156 thousand or 16.4% increase when compared to net income attributable to the Company of $950 thousand, or $0.07 per share, for the same period in 2019. For the twelve months ended December 31, 2020, the Company reported net income attributable to the Company of $5.7 million, or $0.32 per share, a $215 thousand or 3.7% decrease when compared to net income attribut
jvissers@mininggazette.com
City of Hancock
Zoning map for the City of Hancock. The changes to the zoning ordinance primarily effect the R-1 residential district, shown in pale yellow. R-1 is labeled âone familyâ in the legend.
HANCOCK The City Council of Hancock passed an amendment to their zoning ordinance concerning a “housesitting” exemption and short term rentals at their regular Wednesday meeting. The vote was 6-1, with Councilor Ron Blau as the dissenting vote.
During public comment, one person raised concerns with the change in the language concerning short term rentals. While Councilor John Haeussler, who proposed the amendment, described the change as one reflecting the council’s original intention, the commenter felt it was different from how she had interpreted it.
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