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Stock impact report

County Bancorp, Inc. Announces First Quarter Results

County Bancorp, Inc. (ICBK) 
Last county bancorp, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1032854
Company Research Source: GlobeNewswire
Focus remains on continued execution against strategic priorities, as well as swift and deliberate actions to prioritize safety and effectively serve customers and communities Highlights Net loss of $5.2 million for the first quarter of 2020 or $0.78 diluted loss per share for the first quarter 2020Net interest income decreased $740,000 during first quarter 2020 due to actions by the Federal Reserve in response to COVID-19Goodwill impairment of $5.0 million or $0.74 per diluted shareCOVID-19 qualitative adjustment of $2.0 million recognized through provision for loan losses for the first quarter 2020Write-down on other real estate owned of $1.4 million during the first quarter 2020Average loans sold and serviced increased $5.4 million and loan fees as a percentage of average loans sold and serviced increased 0.02% to 0.98% during the first quarter 2020Client deposits (demand deposits, NOW, savings, money market accounts, and certificates of deposit) decreased $43.9 million or 5.3% l Show less Read more
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