Ssb Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 05:04 pm
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SSB 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 1.333 million compared to USD 1.122 million a year ago. Net income was USD 404,635 compared to USD 104,570 a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.05 a year ago. For the half year, net interest income was USD 2.513 million compared to USD 2.216 million a year ago. Net income was USD 602,966 compared to USD 217,283 a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.1 a year ago.
SSB Bancorp, Inc. is a holding company for SSB Bank (the Bank). The Bank provides a variety of financial services to individuals and corporate customers through its offices in Pittsburgh, Pennsylvania. The Bankâs primary deposit products are passbook savings accounts, money market accounts, and certificates of deposit. Its primary lending products are commercial mortgage loans and single-family residential loans. The Bank is subject to regulation and supervision by the Federal Deposit Insurance Corporation (FDIC) and the Pennsylvania Department of Banking and Securities. The Bankâs personal products and services include banking, online and mobile banking, borrowing, mortgages, credit cards through SSB Bank, and Kasasa Care. The Bankâs small business products and services include banking, online and mobile banking, borrowing, merchant services, electronic merchant systems plus (EMS+) for small businesses, and paycheck protection program loan (PPP) forgiveness.
SSB BANCORP, INC. 
