KS Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 24, 2020 at 10:17 am EDT
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KS 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 3.616 million compared to USD 3.236 million a year ago. Net income was USD 971,000 compared to USD 907,000 a year ago. Basic earnings per share was USD 0.88 compared to USD 0.82 a year ago.
For the half year, net interest income was USD 7.099 million compared to USD 6.372 million a year ago. Net income was USD 1.893 million compared to USD 1.727 million a year ago. Basic earnings per share was USD 1.71 compared to USD 1.56 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. 
