Gouverneur Bancorp, Inc. Announces Earnings Results for the First Quarter Ended December 31, 2019
January 23, 2020 at 10:33 pm IST
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Gouverneur Bancorp, Inc. announced earnings results for the first quarter ended December 31, 2019. For the three months, net income was $379,000 or $0.17 per diluted share, compared net loss of to $120,000, or $0.06 per diluted share, in the first quarter of fiscal year 2019. Net interest income was $1,180,000 against $1,284,000 a year ago.
Gouverneur Bancorp, Inc. is a holding company for Gouverneur Savings and Loan Association (the Bank). The Bank is a New York chartered savings and loan association. The Bank offers deposit and loan services for businesses, families and individuals. The Bankâs principal business consists of originating one-to four-family residential real estate mortgage loans and, to a lesser extent, commercial real estate loans, construction loans and home equity loans and lines of credit. It also offers commercial loans and consumer loans. The Bank offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices. It offers its customers a variety of deposit products with interest rates. The Bank conducts business through its five branch offices located in Jefferson and St. Lawrence Counties in New York. The Bank also operates a wholly owned subsidiary, GS&L Municipal Bank, which is a New York-chartered limited purpose commercial bank.
GOUVERNEUR BANCORP, INC. 
