Heritage Nola Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
February 12, 2020 at 05:12 pm
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Heritage NOLA Bancorp, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced net interest income was USD 3.991 million compared to USD 3.903 million a year ago. Net income was USD 355,000 compared to USD 418,000 a year ago. Basic earnings per share was USD 0.24 compared to USD 0.27 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. 
