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The parent company of InsBank recently reported a fourth-quarter profit of nearly $809,000, a drop from about $1.5 million in the prior-year quarter primarily because of a decrease in fee income and a higher loan loss provision.
Green Hills-based InsCorp finished 2020 with total assets of $619 million, up from $553 million 12 months earlier, and $518 million in net loans, a year-over-year increase of 12 percent. While the company’s year-over-year results were down profits fell to $2.4 million from $4.5 million the fourth quarter numbers were up nicely from the marks of the three months prior thanks to a better net interest margin and lower loss provision costs.