Mid-Southern Bancorp, Inc. Reports Results of Operations for the Third Quarter of 2021
As of September30, 2021, 27 loans with a principal balance of $508,000 had received full forgiveness from the SBA.
- As of September30, 2021, 27 loans with a principal balance of $508,000 had received full forgiveness from the SBA.
- Net interest income after provision for loan losses increased $162,000, or 10.3%, for the quarter ended September30, 2021 to $1.7million as compared to the quarter ended September30, 2020.
- The average cost of interest-bearing liabilities decreased to 0.38% for the quarter ended September30, 2021 from 0.62% for the same period in 2020.
- Noninterest expense increased $25,000, or 1.6%, for the quarter ended September30, 2021 as compared to the same period in 2020.