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Commencement Bancorp, Inc. (CBWA) Announces Second Quarter 2021 Results ACCESSWIRE 2021 Second Quarter Financials: Total assets increased $13.3 million, or 2%, to $561.8 million at June 30, 2021 from $548.5 million for the period ending June 30, 2020. This increase is despite PPP loans decreasing due to forgiveness from $114.5 million to $60.3 million, compared to second quarter 2020. Core loan growth, excluding PPP volume, increased 9% to $326.9 million Total deposits increased $44 million, or 10%, from second quarter 2020. Deposit mix improved as interest bearing demand and savings accounts increased $53.6 million, or 27%, and time deposits decreased 11% to $94.9 million. Tangible book value per share increased to $12.27 for the quarter compared to $11.47 one year earlier. Interest income exceeded $5 million for the second consecutive quarter and increased 15% from prior year.

United statesJohn manolidesThomasl dhamersJohne manolidesCommencement bankPaycheck protection programCommencement bancorp incFederal reserveBank texas ratioQuarter financialsLeases lossesCommencement bancorpLease lossesTexas ratioChief executiveChief executive officer