Mill City Ventures III, Ltd. announced earnings results for the first quarter ended March 31, 2021. For the quarter, interest income increased 206% to $546,842 from $178,245 for the first quarter a year ago (the prior period). Earnings from operations were $12,984 compared to $79,587 for the prior period, a decrease due mainly to officer bonuses of $200,000 paid in the first quarter.