KS Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 04:28 pm EST
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KS Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 4.513 million compared to USD 3.281 million a year ago. Net income was USD 1.333 million compared to USD 939,000 a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 0.85 a year ago. For the full year, net interest income was USD 15.408 million compared to USD 12.940 million a year ago. Net income was USD 4.371 million compared to USD 3.642 million a year ago. Basic earnings per share from continuing operations was USD 3.95 compared to USD 3.29 a year ago.
KS Bancorp, Inc. is a bank holding company. The Company offers a range of personal and business banking products and services, mortgage products and trust services. The Company operates through its subsidiary, KS Bank, Inc. (the Bank), which conducts its operations through nine full-service branch offices in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks and Smithfield, North Carolina, as well as a loan production office in Dunn. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes deposit and loan products, payroll services (through Flex Pay), merchant card services, cash management and remote deposit. KS Mortgage Services offers mortgage products through a team of mortgage specialists. Its Trust Services Division offers a complete line of trust services, such as money management, individual retirement accounts (IRAs), trust administration and estate administration.
KS BANCORP, INC. 
