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InsCorp Reports Quarterly Profit Increase as Healthcare Brand Grows Nashville-based Lender Resumes and Increases Dividend After Pandemic Pause

Share this article Share this article NASHVILLE, Tenn., May 7, 2021 /PRNewswire/ InsCorp, parent company to INSBANK (OTCQX: IBTN), today reported first quarter earnings of $1,290,000, or $0.44 per common share. This represents an increase of $482,000, or 60%, over the previous quarter, and a $557,000 increase over the same quarter the prior year. Factors contributing to the results included core loan growth; PPP loan fee income; decreased funding costs; and income recognized from interest rate hedges. Our team members have been purposeful throughout the pandemic, allocating resources to pandemic-driven matters such as industry-specific credit challenges, PPP loans, and the Fed s zero interest rate policy, while concurrently executing innovation strategies in a rapidly-changing, technology-driven economy, said Jim Rieniets, President & CEO of INSBANK. In the midst of the pandemic we launched our niche healthcare brand, Medquity, to promote a national presence for physician-foc

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INSBANK Expands Treasury Team with New Hire

INSBANK Expands Treasury Team with New Hire News provided by Share this article NASHVILLE, Tenn., March 9, 2021 /PRNewswire/ INSBANK, a Nashville-based commercial bank, today announced the addition of Chris Cahill as Treasury Management Officer. Chris brings over a decade of experience in financial technology, including business development focused on commercial real estate, nonprofit, C&I and healthcare, as well as diverse sales, marketing and management experience. His background will augment the level of expertise necessary to expand INSBANK s Treasury division, offering technology advanced deposit and treasury solutions to new and existing businesses, both small and large. Adding to the Treasury Management teams accreditations, he maintains both an Accounts Payable Solutions Consultant (APSC) certificate and a Certified Purchasing Card Professional (CPCP) certification. Chris serves the Nashville community as a Finance Committee Member for both Saddle Up! and Habitat

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(ALPIB), (BFCC) - After Surviving 2020, The Future Looks Bright For Community Banks In 2021

(ALPIB), (BFCC) - After Surviving 2020, The Future Looks Bright For Community Banks In 2021
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INSBANK Expands Medquity Team with New Hire

INSBANK Expands Medquity Team with New Hire INSBANK Expands Medquity Team with New Hire NASHVILLE, Tenn., Feb. 16, 2021 /PRNewswire/ INSBANK, a Nashville-based commercial bank, today announced the addition of Zac Duckett. Zac joins INSBANK as a Relationship Manager for the Bank s healthcare divisions, TMA Medical Banking and Medquity, the latter having launched last fall. While Medquity initially launched with its web-based student loan refinance platform, Zac s expertise, with over a decade of healthcare banking, will aid in the growth and expansion of this division to provide solutions to healthcare companies and medical professionals from residency to retirement. Prior to Zac s experience in healthcare banking, he spent a number of years in commercial lending and providing brokerage services for firms in Atlanta.

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InsBank numbers bounced back in Q4 | Nashville Post

Also: CapStar CEO on a possible buyback 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.

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