Dacotah Banks, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 30, 2020
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Dacotah Banks, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 24.612 million compared to USD 23.967 million a year ago. Net income was USD 7.491 million compared to USD 9.500 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.85 a year ago. For the nine months, net interest income was USD 78.981 million compared to USD 70.557 million a year ago. Net income was USD 25.590 million compared to USD 23.122 million a year ago. Basic earnings per share from continuing operations was USD 2.28 compared to USD 2.07 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. 
