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Share this article Share this article NASHVILLE, Tenn., July 28, 2021 /PRNewswire/ InsCorp, parent company to INSBANK (OTCQX:IBTN), today reported second quarter earnings of $1,369,000, or $0.47 per share compared to $549,000 and $.19 per share for the same period in 2020. Year-to-date earnings were $2,659,000, or $0.91 per share, which was a 107.6% increase over the prior year of $1,281,000 for the six months ended June 30, 2020. Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank s cost of funding. Our team made steady progress on both short and long-term goals this quarter, said Jim Rieniets, President and CEO of INSBANK. Growth, margin enhancement, and reduction in non-performing assets all contributed to a double-digit return for our shareholders. ....
Share this article Share this article NASHVILLE, Tenn., May 7, 2021 /PRNewswire/ InsCorp, parent company to INSBANK (OTCQX: IBTN), today reported first quarter earnings of $1,290,000, or $0.44 per common share. This represents an increase of $482,000, or 60%, over the previous quarter, and a $557,000 increase over the same quarter the prior year. Factors contributing to the results included core loan growth; PPP loan fee income; decreased funding costs; and income recognized from interest rate hedges. Our team members have been purposeful throughout the pandemic, allocating resources to pandemic-driven matters such as industry-specific credit challenges, PPP loans, and the Fed s zero interest rate policy, while concurrently executing innovation strategies in a rapidly-changing, technology-driven economy, said Jim Rieniets, President & CEO of INSBANK. In the midst of the pandemic we launched our niche healthcare brand, Medquity, to promote a national presence for phys ....