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ELMER BANCORP INC (symbol: ELMA) is a financial services company specializing in providing a comprehensive range of banking products and services. The company is focused on delivering personalized banking experiences to both individual and business customers. ELMER BANCORP INC operates through a network of branches and ATMs, ensuring accessibility and convenience for its clients.
ELMER BANCORP INC’s core business includes personal and commercial banking, mortgage lending, and wealth management services. The company prides itself on its strong customer relationships and commitment to community development. By offering competitive rates and innovative financial solutions, ELMER BANCORP INC aims to meet the diverse needs of its clientele.
Recent achievements for ELMER BANCORP INC include the introduction of new digital banking features, which enhance the user experience through improved online and mobile banking services. The company has also reported steady financial growth, reflecting robust operational performance and prudent risk management strategies.
As part of its current projects, ELMER BANCORP INC is expanding its reach in underserved markets, emphasizing financial inclusion and support for small businesses. The company has formed strategic partnerships with fintech firms to integrate cutting-edge technologies, further enhancing its service offerings.
Financially, ELMER BANCORP INC is in a stable condition. The company has maintained a strong capital base and consistent revenue streams, driven by its customer-centric approach and efficient operational model. The emphasis on sound financial practices ensures long-term sustainability and growth potential.
Elmer Bancorp (OTC Pink: ELMA) reported Q3 2024 net income of $712,000 ($0.62 per share), down from $771,000 ($0.67 per share) in Q3 2023. Nine-month net income was $2.136 million ($1.87 per share), compared to $2.544 million ($2.21 per share) in 2023. Total assets increased to $381.7 million, with loans reaching $300.9 million and deposits growing to $344.4 million. The bank's net interest income decreased due to higher deposit costs, though loan growth was positive at 5.0% year-over-year. Book value per share improved to $30.77 from $27.44 year-over-year.
Elmer Bancorp (OTC Pink: ELMA), parent company of The First National Bank of Elmer, has announced a cash dividend of $0.20 per common share. The dividend will be payable on November 1, 2024 to shareholders of record as of the close of business on October 15, 2024. Brian W. Jones, President and CEO, expressed gratitude for shareholder support as the bank continues to grow and serve local communities.
The First National Bank of Elmer, founded in 1903, is a nationally chartered bank headquartered in Elmer, New Jersey. It operates six full-service branch offices across Cumberland, Gloucester, and Salem Counties, offering deposit and loan products to retail customers and small to mid-sized businesses. Deposits at the bank are insured up to the legally maximum amount by the FDIC.
Elmer Bancorp (OTC Pink: ELMA) reported its Q2 2024 financial results. Net income for Q2 2024 was $793,000 ($0.69 per diluted share), down from $949,000 ($0.83 per diluted share) in Q2 2023. For the first half of 2024, net income was $1.424 million ($1.25 per diluted share), compared to $1.773 million ($1.54 per diluted share) in H1 2023. Net interest income decreased to $3.629 million in Q2 2024 from $3.826 million in Q2 2023. Total assets increased to $383.0 million, up $21.9 million year-over-year. Loans grew to $300.3 million, a $13.2 million increase, while deposits rose by $19.0 million to $347.3 million. The bank maintains a strong capital position, with book value per share increasing to $29.53 from $27.00 a year ago.
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