McMinnville, Tennessee

Security Bancorp, Inc. Announces Second Quarter Earnings

Retrieved on: 
Wednesday, August 5, 2020
McMinnville, Oregon, Portland metropolitan area, Willamette Valley, McMinnville, Tennessee, OTC Bulletin Board, States of the United States, Geography of the United States, Oregon

MCMINNVILLE, Tenn., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the second quarter of its fiscal year ended December 31, 2020.

Key Points: 
  • MCMINNVILLE, Tenn., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the second quarter of its fiscal year ended December 31, 2020.
  • Net income for the three months ended June 30, 2020 was $516,000, or $1.36 per share, compared to $655,000, or $1.70 per share, for the same quarter last year.
  • For the six months ended June 30, 2020, net interest income decreased $68,000, or 1.8%, to $3.7 million from $3.8 million for the six months ended June 30, 2019.
  • Non-interest income for the three months ended June 30, 2020 was $463,000 compared to $406,000 for the same quarter of 2019, an increase of $57,000, or 14.0%.

Security Bancorp, Inc. Announces Third Quarter Earnings

Retrieved on: 
Friday, November 8, 2019
OTC Bulletin Board, McMinnville, Oregon, McMinnville, Tennessee, States of the United States, Geography of the United States, Oregon

MCMINNVILLE, Tenn., Nov. 08, 2019 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the third quarter of its fiscal year ended December 31, 2019.

Key Points: 
  • MCMINNVILLE, Tenn., Nov. 08, 2019 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the third quarter of its fiscal year ended December 31, 2019.
  • Net income for the three months ended September 30, 2019 was $644,000, or $1.67 per share, compared to $603,000, or $1.55 per share, for the same quarter last year.
  • For the nine months ended September 30, 2019, net interest income increased $477,000, or 9.0%, to $5.8 million from $5.3 million for the same period in 2018.
  • Consolidated assets of the Company were $217.9 million at September 30, 2019, compared to $213.6 million at December 31, 2018.

Security Bancorp, Inc. Announces Second Quarter Earnings

Retrieved on: 
Monday, August 5, 2019
McMinnville, Tennessee, McMinnville, Oregon, OTC Bulletin Board, States of the United States, Geography of the United States, Oregon

MCMINNVILLE, Tenn., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the second quarter of its fiscal year ended December 31, 2019.

Key Points: 
  • MCMINNVILLE, Tenn., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (Company) (OTCBB: SCYT), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced consolidated earnings for the second quarter of its fiscal year ended December 31, 2019.
  • Net income for the three months ended June 30, 2019 was $655,000, or $1.70 per share, compared to $532,000, or $1.37 per share, for the same quarter last year.
  • Non-interest income for the three months ended June 30, 2019 was $406,000 compared to $422,000 for the same quarter of 2018, a decrease of $16,000, or 3.8%.
  • The decrease during the quarter ended June 30, 2019 was primarily attributable to a decrease in deposit service charges and fees.