Gouverneur Bancorp, Inc. Announces Earnings Results for the First Quarter Ended December 31, 2018
January 25, 2019 at 11:00 am
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Gouverneur Bancorp, Inc. announced earnings results for the first quarter ended December 31, 2018. For the quarter, net interest income was $1,284,000 against $1,319,000 a year ago. The company reported a net loss of $120,000 or $0.06 per diluted share.
Gouverneur Bancorp, Inc. is a holding company for Gouverneur Savings and Loan Association (the Bank). The Bank is a New York chartered savings and loan association. The Bank offers deposit and loan services for businesses, families and individuals. The Bankâs principal business consists of originating one-to four-family residential real estate mortgage loans and, to a lesser extent, commercial real estate loans, construction loans and home equity loans and lines of credit. It also offers commercial loans and consumer loans. The Bank offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices. It offers its customers a variety of deposit products with interest rates. The Bank conducts business through its five branch offices located in Jefferson and St. Lawrence Counties in New York. The Bank also operates a wholly owned subsidiary, GS&L Municipal Bank, which is a New York-chartered limited purpose commercial bank.
GOUVERNEUR BANCORP, INC. 
