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Lewis & Clark Bancorp (OTC Pink: LWCL) reported a first-quarter net income of $910,000 for Q1 2021, an increase of $784,000 from $126,000 in Q1 2020. Earnings per share rose to $0.81 from $0.11. Key contributors to the earnings growth included higher net interest income and noninterest income, coupled with decreased provisions for loan losses. Total consolidated assets increased by $78.8 million or 22.8% to reach $425.1 million. Shareholders’ equity slightly decreased by $32,000 due to stock repurchases and dividends.
Lewis & Clark Bancorp (OTC Pink: LWCL) reported a net income of $734,000 for Q4 2020, an increase from $546,000 last year. Earnings per share rose to $0.65, up from $0.48. Year-to-date net income decreased to $1,796,000, or $1.58 per share, compared to $2,287,000, or $2.25 per share in the prior year. Total assets reached $346.5 million, up 22.9% year-over-year, primarily due to growth in PPP loans and deposits. Management indicated ongoing economic uncertainty but expressed confidence in the company's strong balance sheet and commitment to serving its communities.