Latest Breaking News On - வணிகர்கள் கடல் பேன்கார்ப் இன்க் - Page 1 : comparemela.com

Message : Required fields Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), the parent company of Merchants & Marine Bank, reports first quarter 2021 net income of $567 thousand, or 43 cents per share, compared with net income of $843 thousand, or 63 cents per share during the same period in 2020. The bank has been an active participant in the Small Business Administration’s Paycheck Protection Program (PPP). As of March 31, 2021, PPP loans constituted $36.2 million, or 10.28 percent, of the bank’s $355.9 million loan portfolio. Excluding PPP balances, loan growth was somewhat flat over the same period in 2020, growing 1.28 percent to $319.7 million from $315.7 million over the last twelve months. Interest and fees on loans totaled $4.94 million in the first quarter. When extracting fees realized on forgiven PPP balances, this number decreases to $4.32 million, which nonetheless represents an increase of 3.04 percent over the corresponding period in 2020.

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