Mid-Southern Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 25, 2021 at 06:30 pm IST
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Mid-Southern Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was USD 1.74 million compared to USD 1.61 million a year ago. Net income was USD 0.456 million compared to USD 0.264 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.09 a year ago.
For the nine months, net interest income was USD 5.14 million compared to USD 4.84 million a year ago. Net income was USD 1.23 million compared to USD 0.991 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.31 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.