Rhea-AI Summary
UB Bancorp (OTCQX: UBNC) reported a record net income of $1.9 million, or $0.32 per common share, for Q4 2020, reflecting a rise from $1.8 million in the same period last year. The Company increased its allowance for loan losses by $595,000 amid the pandemic's challenges. Core deposits grew significantly by $119.9 million (19.1%). Total assets reached $987.3 million, a 20.2% increase YoY. The Bank's asset quality remains strong, with non-performing assets at 0.36% of total assets. A cash dividend was paid to shareholders, and share repurchase approval was announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags