Northway Financial, Inc. Announces Third Quarter Earnings
NORTH CONWAY, N.H., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the Company) (OTCQB: NWYF), the parent company of Northway Bank (the Bank), today reported net income for the quarter ended September 30, 2021 of $1.6 million, or $0.58 per basic common share.
- NORTH CONWAY, N.H., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Northway Financial, Inc. (the Company) (OTCQB: NWYF), the parent company of Northway Bank (the Bank), today reported net income for the quarter ended September 30, 2021 of $1.6 million, or $0.58 per basic common share.
- I am also proud to report the Bank achieved $1 billion in deposits for the first time in its history.
- Total assets were $1.2 billion, total loans, net, were $813 million, and total deposits were $1.0 billion at September 30, 2021.
- Nonperforming loans as a percentage of total loans stood at 0.27% at September 30, 2021 compared to 0.41% at September 30, 2020.