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Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2021 Results

Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2021 Results
ACCESSWIRE
2021 Second Quarter Financials:
Total assets increased $13.3 million, or 2%, to $561.8 million at June 30, 2021 from $548.5 million for the period ending June 30, 2020. This increase is despite PPP loans decreasing due to forgiveness from $114.5 million to $60.3 million, compared to second quarter 2020.
Core loan growth, excluding PPP volume, increased 9% to $326.9 million
Total deposits increased $44 million, or 10%, from second quarter 2020. Deposit mix improved as interest bearing demand and savings accounts increased $53.6 million, or 27%, and time deposits decreased 11% to $94.9 million.
Tangible book value per share increased to $12.27 for the quarter compared to $11.47 one year earlier.
Interest income exceeded $5 million for the second consecutive quarter and increased 15% from prior year. ....

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Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2021 Results

Press release content from Accesswire. The AP news staff was not involved in its creation.
Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2021 Results
May 3, 2021 GMT
2021 First Quarter Financial Highlights:
Total assets increased $183.7 million, or 46%, to $579.1 million at March 31, 2021 from $395.4 million for the period ending March 31, 2020.
Net income of $1.6 million, or $0.38 per share, was earned for the quarter ending March 31, 2021 versus $947 thousand, or $0.23 per share, in first quarter 2020.
Total loans increased $110.6 million, or 36%, compared to one year prior.
Total deposits increased by $179.7 million, or 53%, from first quarter 2020.
Tangible book value per share increased to $12.30 for the quarter from $11.34 one year earlier. ....

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Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2021 Results

Commencement Bancorp, Inc. (CBWA) Announces First Quarter 2021 Results
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Commencement Bancorp, Inc. (CBWA) Announces 2020 Results

Commencement Bancorp, Inc. (CBWA) Announces 2020 Results
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