KSBI

KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2021 Financial Results and Cash Dividend

Retrieved on: 
Wednesday, January 26, 2022
Forgiveness, Board of directors, Growth, Trust, Bank, Board, Housing, OTC Markets Group, Company, PPP, KSBI, KS, GLOBE, Income, Real estate

SMITHFIELD, N.C., Jan. 26, 2022 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2021.

Key Points: 
  • SMITHFIELD, N.C., Jan. 26, 2022 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2021.
  • Noninterest income for the three months ended December 31, 2021 was $735,000, compared to $814,000 for the comparable period ended December 31, 2020.
  • The Company did not record a provision for loan losses during the fourth quarter 2021, compared to $401,000 in the fourth quarter of 2020.
  • Commenting on the fourth quarter results, Harold Keen, President of the Company stated,This was a tremendous year for KS Bancorp and KS Bank.

KS Bancorp, Inc. (KSBI) and KS Bank, Inc. Announces Executive Leadership Plan of Transition

Retrieved on: 
Tuesday, January 4, 2022
Strategic planning, Acquisition, Bank, Company, Banks Board Bureau, Board of directors, Trust, KS, CEO, Board, GLOBE, KSBI, OTC Markets Group, Management

SMITHFIELD, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), jointly announce today an executive leadership plan of transition.

Key Points: 
  • SMITHFIELD, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), jointly announce today an executive leadership plan of transition.
  • Effective immediately, Harold T. Keen who has been President and CEO of KS Bank since July 1990 will transition to Executive Vice Chairman of KS Bank.
  • Keen will remain as President and CEO of KS Bancorp, Inc.
    Earl W. Worley, Jr., who is currently serving as the Banks Chief Operating Officer of KS Bank will become President and CEO of KS Bank.
  • Dit L. Breault who is currently the Senior Operations officer for KS Bank will become the Chief Operations Officer and Executive Vice President of KS Bank.

KS Bancorp, Inc. (KSBI) Announces Third Quarter 2021 Financial Results and Cash Dividend

Retrieved on: 
Thursday, October 21, 2021
Trust, KSBI, PPP, Income, OTC Markets Group, Company, Forgiveness, CEO, Board, Documentation, KS, GLOBE, Bank, Board of directors, Animal

SMITHFIELD, N.C., Oct. 21, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2021.

Key Points: 
  • SMITHFIELD, N.C., Oct. 21, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2021.
  • Noninterest expense was $3.2 million for the three months ended September 30, 2021, as compared $3.0 million in the comparable period in 2020.
  • The Company recorded a provision for loan losses of $123,000 during the third quarter 2021, compared to $45,000 in the third quarter of 2020.
  • Noninterest income remain stable at $2.1 million for the nine months ended September 30, 2021 and 2020, respectfully.

KS Bancorp, Inc. (KSBI) Announces Second Quarter 2021 Financial Results and Cash Dividend

Retrieved on: 
Monday, July 26, 2021
KSBI, Television

SMITHFIELD, N.C., July 26, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the second quarter of 2021.

Key Points: 
  • SMITHFIELD, N.C., July 26, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTC Pink: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the second quarter of 2021.
  • Noninterest expense was $3.1 million for the three months ended June 30, 2021, as compared $3.0 million in the comparable period in 2020.
  • The Company recorded a provision for loan losses of $123,000 during the second quarter 2021, compared to $70,000 in the second quarter of 2020.
  • Noninterest income and expenses remain stable for the six months ended June 30, 2021 and 2020.

KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2020 Financial Results and Cash Dividend

Retrieved on: 
Tuesday, January 26, 2021
KSBI, Television

SMITHFIELD, N.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2020.

Key Points: 
  • SMITHFIELD, N.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2020.
  • The Company recorded a provision for loan losses of $401,000 during the fourth quarter 2020.
  • Noninterest income was $2.9 million for the twelve months ended December 31, 2020, compared to $3.1 million for the twelve months ended December 31, 2019.
  • Commenting on the fourth quarter results, Harold Keen, President and CEO of the Company and the Bank, stated, During the Fourth quarter, balance sheet growth continued to be very strong for KS Bank.

KS Bancorp, Inc. (KSBI) Announces Third Quarter 2020 Financial Results and Cash Dividend

Retrieved on: 
Friday, October 23, 2020
KSBI, OTC Bulletin Board, Television

SMITHFIELD, N.C., Oct. 23, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2020.

Key Points: 
  • SMITHFIELD, N.C., Oct. 23, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2020.
  • Noninterest income for the three months ended September 30, 2020 was $745,000, compared to $810,000 for the comparable period ended September 30, 2019.
  • Noninterest expense was $3.0 million for the three months ended September 30, 2020, as compared $2.9 million in the comparable period in 2019.
  • The Company recorded a provision for loan losses of $45,000 during the third quarter 2020.

KS Bancorp, Inc. (KSBI) Announces Second Quarter 2020 Financial Results and Cash Dividend

Retrieved on: 
Friday, July 24, 2020
KSBI, Television, Companies

SMITHFIELD, N.C., July 24, 2020 (GLOBE NEWSWIRE) -- July 24, 2020 KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the second quarter of 2020.

Key Points: 
  • SMITHFIELD, N.C., July 24, 2020 (GLOBE NEWSWIRE) -- July 24, 2020 KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the second quarter of 2020.
  • Noninterest expense was $3.0 million for the three months ended June 30, 2020, as compared $2.9 million in the comparable period in 2019.
  • The company recorded a provision for loan losses of $70,000 during the second quarter 2020.
  • The increase in loans was primarily due to market demand and the Bank provided $29.3 million of payroll protection plan loans (PPP) in the second quarter, 2020.

KS Bancorp, Inc. (KSBI) Announces First Quarter 2020 Financial Results and Cash Dividend

Retrieved on: 
Friday, April 24, 2020
KSBI, OTC Bulletin Board

SMITHFIELD, N.C., April 24, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the first quarter of 2020.

Key Points: 
  • SMITHFIELD, N.C., April 24, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the first quarter of 2020.
  • Noninterest income for the three months ended March 31, 2020 was $708,000, compared to $701,000 for the comparable period ended March 31, 2019.
  • The company recorded a provision for loan losses of $45,000 during the first quarter 2020.
  • Total deposits increased $18.9 million, to $345.8 million at March 31, 2020, compared to $326.9 million at December 31, 2019.

KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2019 Financial Results and Cash Dividend

Retrieved on: 
Monday, January 27, 2020
KSBI

SMITHFIELD, N.C., Jan. 27, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2019.

Key Points: 
  • SMITHFIELD, N.C., Jan. 27, 2020 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the fourth quarter of 2019.
  • For the year ended December 31, 2019, net interest income was $12.9 million, compared to $12.6 million for the year ended December 31, 2018.
  • Noninterest income was $3.1 million for the year ended December 31, 2019, compared to $3.2 million for the year ended December 31, 2018.
  • Commenting on the fourth quarter results, Harold Keen, President and CEO of the Company and the Bank, stated, With this report for the fourth quarter of 2019, we completed another very successful year.

KS Bancorp, Inc. (KSBI) Announces Third Quarter 2019 Financial Results and Cash Dividend

Retrieved on: 
Friday, October 25, 2019
KSBI, OTC Bulletin Board

SMITHFIELD, N.C., Oct. 25, 2019 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2019.

Key Points: 
  • SMITHFIELD, N.C., Oct. 25, 2019 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the third quarter of 2019.
  • Noninterest income for the three months ended September 30, 2019 was $810,000, compared to $865,000 for the comparable period ended September 30, 2018.
  • Noninterest expense was $2.9 million for the three months ended September 30, 2019 as compared $2.8 million in the comparable period in 2019.
  • For the nine months ended September 30, 2019, net interest income was $9.6 million, compared to $9.4 million for the nine months ended September 30, 2018.