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The National Capital Bank of Washington Reports Fourth Quarter Earnings
January 27, 2021 GMT
National Capital Bank of Washington (PRNewsfoto/The National Capital Bank of Wa)
WASHINGTON, Jan. 27, 2021 /PRNewswire/ The National Capital Bank of Washington (NCB) reported net income of $1,003,000, or $3.51 per common share, for the three months ended December 31, 2020, compared to net income of $495,000 or $1.73 per share for the quarter ended December 31, 2019. For the year ended December 31, 2020, NCB reported net income of $2,648,000, or $9.26 per share, compared to $2,552,000, or $8.94 for the year ended December 31, 2019. The fourth quarter results included a less-pronounced increase in the Bank’s allowance for loan loss after an aggressive response to the COVID-19 pandemic during the first nine months of 2020 which included significant increases in the Bank’s allowance for loan loss
FS Bancorp, Inc. Reports Record 2020 Results Including $39.3 Million of Net Income or $8.97 Per Diluted Share, and a 24% Increase in Its Dividend to $0.26 for the Thirty-Second Consecutive Quarterly Dividend
(4,017
943
1,336,346
Loans receivable, net increased $53.5 million to $1.54 billion at December 31, 2020, from $1.49 billion at September 30, 2020, and increased $208.6 million from $1.34 billion at December 31, 2019. The quarter over linked quarter increase in total real estate loans was $34.6 million, including increases in construction and development loans of $25.0 million, one-to-four-family portfolio loans of $10.2 million, home equity loans of $2.6 million, and multi-family loans of $1.4 million, partially offset by a decrease in commercial real estate loans of $4.6 million. Consumer loans increased $10.4 million, primarily due to an increase of $9.3 million in indirect home improvement loans and $1.1 million in marine loans. Commercial business loans increased $9.8 mi