U & I Financial Corp. Reports Second Quarter 2021 Financial Results
ACCESSWIRE
30 Jul 2021, 06:05 GMT+10
LYNNWOOD, WA / ACCESSWIRE / July 29, 2021 / U & I Financial Corp. (OTCQX:UNIF), the holding company for UniBank, today reported record quarterly earnings of $2.2 million or $0.41 per share in the second quarter, as compared to $1.5 million or $0.26 per share for the same quarter of 2020, increasing by $787 thousand or 54.1%, primarily due to higher gain on sale of government guaranteed loans.
As of June 30, 2021, total assets reached a record, $417.1 million, increasing by $36.7 million or 9.6% from the year earlier period of $380.4 million. Net loans ended at $274.5 million, decreasing by $7.0 million or 2.5% from the year earlier period of $281.5 million, primarily due to the SBA PPP Loan forgiveness activities. However, loans held for sale increased by $12.7 million from last year, outweighing the net loans decrease. Finally, total deposits grew by $34.4 million or 11.0% to
U & I Financial Corp Reports Second Quarter 2021 Financial Results
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U & I Financial Corp Reports Second Quarter 2021 Financial Results
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