Heritage Nola Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 03, 2020
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Heritage NOLA Bancorp, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 1.060 million compared to USD 988,000 a year ago. Net income was USD 227,000 compared to USD 42,000 a year ago. Basic earnings per share was USD 0.21 compared to USD 0.03 a year ago. Diluted earnings per share was USD 0.2 compared to USD 0.03 a year ago. For the half year, net interest income was USD 2.096 million compared to USD 1.931 million a year ago. Net income was USD 293,000 compared to USD 99,000 a year ago. Basic earnings per share was USD 0.21 compared to USD 0.06 a year ago. Diluted earnings per share was USD 0.2 compared to USD 0.06 a year ago.
Heritage NOLA Bancorp, Inc. operates as a bank holding company. The Company, through its subsidiary, Heritage Bank of St. Tammany (the Bank), provides banking services. The Bank operates as a community bank providing various financial services through its four branches, two in Covington, and one each in Slidell and Madisonville, Louisiana. The Bankâs primary lending products are single-family residential loans and commercial real estate loans. Its primary deposit products are demand and savings accounts, and certificates of deposit. The Bank's business consists primarily of taking deposits from the public and investing those deposits, together with funds generated from operations, in residential real estate loans, including non-owner-occupied properties and home equity lines of credit, and commercial real estate. It also originates land, construction, and multifamily loans, as well as consumer loans and commercial business loans.
HERITAGE NOLA BANCORP, INC. 
