Century Bancorp, Inc. (NASDAQ:CNBKA)
Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CNBKA to EBC for $115.28 per share.
If you are an investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
Equity Commonwealth (NYSE:EQC) – Monmouth Real Estate Investment Corporation (NYSE:MNR)
Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of MNR to EQC.
If you are an investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
Net Interest Income
Q4 2020 vs Q3 2020. Net interest income decreased $1.3 million, or 9.2%, for the three months ended December 31, 2020 as compared to the three months ended September 30, 2020 primarily as a result of:
A decrease in interest income of $1.8 million, or 11.1%, primarily attributable to the decrease in the balance of the loan portfolio and an adjustment to the accretion of PPP fee income that resulted in a deferral of income to the next quarter, decreasing the fee income for the three months ended December 31, 2020 as compared to the three months ended September 30, 2020; partially offset by
A decrease in interest expense of $465 thousand, or 26.4%, primarily attributable to our ongoing focus on reducing costs of deposits by monitoring and lowering interest rates in response to the current interest rate environment and actively managing our deposit portfolio away from higher costing money market deposits and certificates of deposit and into noninterest bear