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Ottawa Bancorp, Inc. operates as the holding company for OSB Community Bank, a community bank serving individual and corporate customers in the United States. Company news commonly covers quarterly and annual earnings, net interest margin trends, loan portfolio activity, securities available for sale, and credit quality measures such as non-performing loans.
Recurring updates also include quarterly cash dividends, stock repurchase programs, annual meeting matters, and governance agreements involving the company and shareholder groups. OSB Community Bank's business is centered on deposit accounts, including checking, savings, money market, certificates, club savings, and retirement accounts, and lending products such as residential mortgage, multifamily and non-residential real estate, commercial, construction, auto, and home equity loans.
Pontiac Bancorp, holding company for Bank of Pontiac, and Ottawa Bancorp (NASDAQ: OTTW), parent of OSB Community Bank, agreed to a definitive merger under which Pontiac will acquire Ottawa Bancorp for all cash.
Ottawa Bancorp shareholders are expected to receive aggregate cash consideration of $45.5 million, or approximately $19.78 per share, subject to possible adjustment under the merger agreement. Closing is anticipated in the first quarter of 2027, pending Ottawa Bancorp shareholder approval, required regulatory approvals, and other customary conditions.
After closing, OSB Community Bank is expected to be merged into Bank of Pontiac, with the combined bank operating under the Bank of Pontiac name. Based on June 30, 2026 data, the combined institution is expected to have about $1.5 billion in total assets and 18 banking offices, including OSB’s 3 full‑service branches and 1 loan production office in LaSalle and Grundy Counties.
Ottawa Bancorp (OTCQX: OTTW) announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on or about September 16, 2026, to shareholders of record as of the close of business on September 2, 2026.
Ottawa Bancorp (OTCQX: OTTW) reported net income of $1.0 million, or $0.42 per share, for Q2 2026, up from $0.5 million, or $0.21 per share, in Q2 2025. For the first six months of 2026, net income rose to $1.5 million, or $0.66 per share, versus $0.9 million, or $0.39 per share, a year earlier.
Total interest and dividend income increased to $4.5 million for Q2 and $8.9 million year‑to‑date, driven by higher average yields on earning assets, while interest expense remained roughly flat and the average cost of funds declined. Other income more than doubled, largely due to a one‑time, non‑taxable $0.3 million Bank‑owned life insurance gain and higher mortgage servicing rights income. Total other expenses increased modestly, mainly from higher salaries, benefits, and professional fees.
As of June 30, 2026, total assets declined 1.9% to $355.7 million, with cash and securities lower and net loans edging down to $305.3 million. Non‑performing loans fell to $1.1 million, or 0.36% of gross loans, and the allowance for credit losses on loans was $4.0 million, or 1.31% of gross loans. Deposits decreased 2.7% to $290.2 million, while stockholders’ equity increased to $39.9 million, reflecting retained earnings and ongoing capital management, including cumulative repurchases of 1,202,370 shares at an average price of $13.68.
Ottawa Bancorp (OTCQX: OTTW) declared a quarterly cash dividend of $0.11 per share. The dividend is payable on or about June 17, 2026 to shareholders of record as of June 3, 2026.
Ottawa Bancorp is the holding company for OSB Community Bank, a full-service community bank based in Ottawa, Illinois.
Ottawa Bancorp (OTCQX: OTTW) reported net income of $0.6M and diluted EPS of $0.26 for Q1 2026, versus $0.4M and $0.19 in Q1 2025.
Key metrics: net loans (net of allowance) $308.0M, non-performing loans $1.0M (0.34% of gross loans), ACL on loans $4.1M (1.30%), total assets $360.8M, and 1,202,370 shares repurchased at an average of $13.68 per share.
Ottawa Bancorp (OTCQX: OTTW) extended its standstill agreement with the Stilwell Group through the close of the Company’s 2027 Annual Meeting of Stockholders. The extension includes renomination of Mark D. Alcott to the board and a commitment to use commercially reasonable best efforts to repurchase at least 5% of outstanding common stock in fiscal 2026, subject to board fiduciary duties and required regulatory approvals. The Stilwell Group remains the beneficial owner of 353,311 shares (15.4%) and will continue to be bound by the Agreement’s restrictions during the extended term.
Ottawa Bancorp (OTCWX: OTTW) declared a quarterly cash dividend of $0.11 per share, payable on or about March 18, 2026 to shareholders of record at the close of business on March 4, 2026. The company is the holding company for OSB Community Bank, headquartered in Ottawa, Illinois.
OSB Community Bank offers deposit accounts and a diversified loan portfolio including residential, commercial, construction, auto loans, and home equity lines of credit.
Ottawa Bancorp (OTCWX: OTTW) reported net income of $0.3M for Q4 2025 and $1.7M for fiscal 2025, with EPS of $0.14 (Q4) and $0.71 (FY). Loan portfolio grew to $305.8M, non-performing loans fell to $1.2M (0.38%), and the company completed share repurchases totaling 1,202,370 shares through 2025. The board set the 2026 annual meeting for May 20, 2026.
Ottawa Bancorp (OTCQX: OTTW) announced a quarterly cash dividend of $0.11 per share, payable on or about December 17, 2025 to shareholders of record at the close of business on December 3, 2025.
Ottawa Bancorp is the holding company for OSB Community Bank, which offers deposit accounts and a diversified loan portfolio and is headquartered in Ottawa, Illinois.
Ottawa Bancorp (OTCQX: OTTW) reported Q3 2025 net income $0.4M ($0.18 per share) vs $0.2M ($0.08) in Q3 2024 and YTD 9M 2025 net income $1.4M ($0.57) vs $0.3M ($0.10) a year earlier. Loan portfolio net declined to $298.7M from $301.7M at year-end 2024 as payoffs exceeded originations.
Non-performing loans fell to $3.7M (1.21% of gross loans) from $4.8M (1.58%). The company completed a stock repurchase of 120,996 shares (avg $15.01) and has repurchased 1,202,370 shares total (avg $13.68). Deposits rose $9.0M (3.2%) and total assets were $354.2M at September 30, 2025.