Security Bancorp, Inc. Announces Third Quarter Earnings
MCMINNVILLE, Tenn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (“Company”) (OTCBB: “SCYT”), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced its consolidated earnings for the third quarter of its fiscal year ended December 31, 2023.
- MCMINNVILLE, Tenn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (“Company”) (OTCBB: “SCYT”), the holding company for Security Federal Savings Bank of McMinnville, Tennessee, today announced its consolidated earnings for the third quarter of its fiscal year ended December 31, 2023.
- Net income for the three months ended September 30, 2023 was $859,000, or $2.30 per share, compared to $877,000, or $2.34 per share, for the same quarter last year.
- For the nine months ended September 30, 2023, net interest income increased $815,000, or 12.5%, to $7.3 million from $6.5 million for the nine months ended September 30, 2022.
- Non-interest income for the three months ended September 30, 2023 decreased to $410,000 compared to $451,000 for the three months ended September 30, 2022.