Gouverneur Bancorp, Inc. Reports Earnings Result for Second Quarter and Six Months Ended March 31, 2021
April 27, 2021 at 02:25 pm
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Gouverneur Bancorp, Inc. reported earnings result for second quarter and six months ended March 31, 2021. For the quarter, the company reported Net Interest Income of $1,027,000 compared to $1,143,000 a year ago. Net Income was $565,000 compared to net loss of $1,016,000 a year ago.
For six months, the company reported Net Interest Income of $2,079,000 compared to $2,323,000 a year ago. Net Income was $807,000 or $0.40 per diluted share compared to net loss of $637,000 or $0.30 per diluted share a year ago.
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. 
