Feedback from Bill Foster, President and CEO:

Feedback from Bill Foster, President and CEO:

“We completed 2019 with very good results and good energy. A 12.72% core return on average equity, 56% core earnings growth, and strong asset quality for the year, we produced $5,101,000 in core operating net income. We effectively battled to develop profits in a host in which margins had been under great pressure, so we achieved it into the right methods by controlling expenses and noninterest that is driving development in the industry banking portion and also by growing mortgage profits. We failed to chase yield or risk. We didn’t leverage the balance sheet up. We maintained our concentrate on growing and winning appealing commercial and consumer relationships. This will be additionally the sort of environment that shows the strategic value to be within the home loan company whose profits rounds operate just a little countertop into the commercial banking portion. ”

“We aren’t worried about the deposit declines from Q3 2019 to Q4 2019. Continue reading “Feedback from Bill Foster, President and CEO:”