Ssb Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 10:06 pm
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SSB Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 1.142 million compared to USD 1.033 million a year ago. Net income was USD 89,553 compared to USD 94,834 a year ago. Basic earnings per share was USD 0.04 compared to USD 0.04 a year ago. For the nine months, net interest income was USD 3.359 million compared to USD 2.982 million a year ago. Net income was USD 306,836 compared to USD 198,389 a year ago. Basic earnings per share was USD 0.14 compared to USD 0 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. 
