Dacotah Banks, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 30, 2020
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Dacotah Banks, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 30.481 million compared to USD 23.720 million a year ago. Net income was USD 11.222 million compared to USD 7.062 million a year ago. Basic earnings per share was USD 1 compared to USD 0.63 a year ago. For the half year, net interest income was USD 54.369 million compared to USD 46.590 million a year ago. Net income was USD 18.099 million compared to USD 13.622 million a year ago. Basic earnings per share was USD 1.61 compared to USD 1.22 a year ago.
Dacotah Banks, Inc. is the holding company of Dacotah Bank, which provides a full range of banking services to individuals and businesses through its market locations in Aberdeen, Brookings, Clark, Lemmon, Mobridge, Rapid City, Sioux Falls, Sisseton, Watertown, and Webster, South Dakota, and Dickinson, Jamestown, Minot, Rolla, and Valley City, North Dakota, and Morris, Minnesota. It provides trust services to individuals and businesses. Its general insurance operations are conducted in 15 of the 34 locations. Its primary deposit products are demand deposits and certificates of deposit, and its primary lending products are commercial, agricultural, real estate mortgage, and consumer loans. Its business services include card solutions, mobile and online solutions, cash management solutions, money markets, business checking, business insurance and investment and wealth management. It also provides agriculture insurance, agriculture checking, and farm and ranch management.
DACOTAH BANKS, INC. 
