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Oxford Bank Corporation Announces Fourth Quarter 2020 Operating Results
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OXFORD, Mich., Jan. 28, 2021 /PRNewswire/ Oxford Bank Corporation ( the Company ) (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ( the Bank ), today announced profitable operating results for the fourth quarter and year ended December 31, 2020.
Oxford Bank - Oxford, MI (PRNewsfoto/Oxford Bank Corporation)
The Company s quarterly consolidated earnings for the three months ended December 31, 2020, were $2,257,000, or $0.98 per weighted average share compared to $1,603,000, or $0.70 per weighted average share for the same period one year ago. Year-to-date consolidated earnings were $7,001,000 or $3.04 per weighted average share for the twelve months ended December 30, 2020 compared to $5,277,000 or $2.31 per weighted average share for the twelve months ended December 31, 2019.