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GrandSouth Bancorporation Reports First Quarter 2021 Results

GrandSouth Bancorporation Reports First Quarter 2021 Results News provided by Share this article Share this article GREENVILLE, S.C., April 22, 2021 /PRNewswire/ GrandSouth Bancorporation (GRRB:OTCQX), the holding company for GrandSouth Bank, (the Company ), announced today that net income for the first quarter of 2021 was $3.6 million. The Board of Directors declared a cash dividend of $0.10 per common share ($0.105 per Series A preferred share) payable on May 21, 2021 to shareholders of record on May 7, 2021. First Quarter 2021 Highlights Net Income of $3.6 million. Total assets increased to $1.1 billion, representing a $46.6 million, or 4.27%, increase since the end of 2020. Gross loans increased $10.9 million, or 1.25%, during the quarter.

GrandSouth Bancorporation reports fourth quarter 2020 results

GrandSouth Bancorporation reports fourth quarter 2020 results News provided by Share this article Share this article GREENVILLE, S.C., Jan. 21, 2021 /PRNewswire/  GrandSouth Bancorporation (OTCQX: GRRB), the holding company for GrandSouth Bank, (the Company ), announced today that net income for the fourth quarter of 2020 was $3.2 million. The Board of Directors declared a cash dividend of $0.10 per common share ($0.105 per Series A preferred share) payable on February 20, 2021 to shareholders of record on February 4, 2021.  This dividend rate reflects a $0.02 increase per common share ($0.021 per Series A preferred share) from that of the prior five quarters. Fourth Quarter 2020 Highlights Net Income of $3.2 million. Total assets increased to $1.1 billion, representing a $178.1 million, or 19.54%, increase since the end of 2019.

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