Muncy Bank Financial, Inc. Announces Earnings
Muncy Bank Financial, Inc., (OTCQB:MYBF), the parent company of The Muncy Bank and Trust Company (“Bank”), has released its unaudited consolidated financial results for the six months ended June 30, 2021.
Financial Highlights
Financial highlights for Muncy Bank Financial, Inc. as of and for the six months ended June 30, 2021, compared to the same period in 2020, include:
-
Special
5% stock dividend in 2021 -
Cash dividend increased to
$0.72 /share compared to$0.70 /share in 2020 -
Total Assets increased
10% to$562,706,000 -
Shareholders’ Equity increased
11% to$57,435,000 -
Total Deposits increased
13% to$497,712,000 -
Net Loans increased
4% to$416,117,000 -
Return on Average Assets was
1.55% compared to0.96% in 2020 -
Return on Average Equity was
15.42% compared to9.50% in 2020
Net income for the six months ended June 30, 2021 was
The Bank’s loan portfolio remained strong with an overall delinquency ratio of
Muncy Bank Financial, Inc. paid cash dividends of
About Muncy Bank Financial, Inc.
Muncy Bank Financial, Inc. is the bank holding company for The Muncy Bank & Trust Company. The Muncy Bank & Trust Company serves customers through their retail banking, commercial banking, and financial services divisions. Muncy Bank offices are located in the communities of Muncy, Clarkstown, Hughesville, Montoursville, Dewart, Avis, Linden, and Montgomery. A new Muncy Bank office is scheduled to open in South Williamsport during 2022.
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