Mid-Southern Bancorp, Inc. Reports Results of Operations for the Second Quarter of 2021
The deadline for PPP loan applications for the second round was extended from March31, 2021 to May31, 2021.
- The deadline for PPP loan applications for the second round was extended from March31, 2021 to May31, 2021.
- Net interest income after provision for loan losses increased $161,000, or 10.4%, for the quarter ended June30, 2021 to $1.7million as compared to the quarter ended June30, 2020.
- The average cost of interest-bearing liabilities decreased to 0.39% for the quarter ended June30, 2021 from 0.70% for the same period in 2020.
- Noninterest expense increased $175,000, or 12.0%, for the quarter ended June30, 2021 as compared to the same period in 2020.