Town and Country Financial Corporation Reports Second Quarter 2019 Financial Results
TOWN AND COUNTRY FINCL CP (TWCF)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: GlobeNewswire
SPRINGFIELD, Ill., July 31, 2019 (GLOBE NEWSWIRE) -- Town and Country Financial Corporation (the “Company”), (OTC Pink: TWCF), today announced financial results for second quarter of 2019. Key highlights included: Record net income, growth of 40% from second quarter 2018 to second quarter 2019;Total assets exceeded $800 million for the first time, ending the quarter at $800 million;Commercial loan growth of $57 million (14%) from June 30, 2018 to June 30, 2019;Deposits grew $25.6 million from June 30, 2018 to June 30, 2019;Strong credit quality, with nonperforming loans net of government guarantees of 0.27% as of June 30, 2019, and 0.09% as of June 30, 2018;Reduced overhead, with noninterest expenses declining by $165,000 from June 30, 2018 to June 30, 2019. Core net income was $1.90 million in the second quarter of 2019, compared to $1.36 million in the second quarter of 2018, an increase of 40%. Core net income was $3.51 million in the first half of 2019, compared to $2.59 mill
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