Mid-Southern Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 25, 2022 at 07:28 pm IST
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Mid-Southern Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 1.98 million compared to USD 1.71 million a year ago. Net income was USD 0.526 million compared to USD 0.397 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.13 a year ago.
For the six months, net interest income was USD 3.71 million compared to USD 3.4 million a year ago. Net income was USD 0.993 million compared to USD 0.775 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.26 a year ago.
Mid-Southern Bancorp, Inc. is the savings and loan holding company of Mid-Southern Savings Bank, FSB (the Bank). The Company's business activities are primarily conducted through Mid-Southern Savings Bank, a federally chartered savings bank. Mid-Southern Savings Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana and loan production offices located in New Albany, Indiana and Louisville, Kentucky. The Bank's business consists of originating one-to-four-family residential real estate mortgage loans, including home equity lines of credit, commercial and multi-family real estate, and construction loans. It also offers commercial business and other consumer loans. It offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices.