Great American Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 20, 2020
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Great American 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 1.205 million compared to USD 1.589 million a year ago. Net income was USD 289,000 compared to USD 406,000 a year ago. Basic earnings per share was USD 0.69 compared to USD 0.95 a year ago. For the half year, net interest income was USD 2.548 million compared to USD 3.126 million a year ago. Net income was USD 569,000 compared to USD 964,000 a year ago. Basic earnings per share was USD 1.34 compared to USD 2.24 a year ago.
Great American Bancorp, Inc. is a thrift holding company. The Company's principal activity is the ownership and management of its wholly owned subsidiary, First Federal Savings Bank of Champaign-Urbana (the Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in Champaign County, Illinois. The Bank also provides full-service brokerage activities through a third-party broker-dealer and engages in the sale of tax-deferred annuities. The Bankâs subsidiary, Park Avenue Service Corporation (PASC), offers insurance services to customers located primarily in Illinois. GTPS Insurance Agency, a division of PASC, sells a variety of insurance products to both individuals and businesses, including life, health, auto, property and casualty insurance. It grants mortgage, commercial and consumer loans to customers. The Bank operates through two full-service offices located in Champaign and Urbana, Illinois.
GREAT AMERICAN BANCORP, INC. 
