WCF Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023
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WCF Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 1.16 million compared to USD 1.2 million a year ago. Net income was USD 0.094 million compared to USD 0.265 million a year ago.
For the nine months, net interest income was USD 3.63 million compared to USD 3.34 million a year ago. Net income was USD 0.410774 million compared to USD 0.516226 million a year ago.
WCF Bancorp, Inc. is a holding company for WCF Financial Bank (the Bank). The Bank is a state-chartered non-member bank and regulated by the Federal Deposit Insurance Corporation (FDIC) and the Iowa Division of Banking and has deposit insurance through the FDIC. The Bank has full-service offices in Webster City, Independence and Tama, Iowa. The Bank provides banking services to its local respective markets. The Bankâs personal banking services include checking, including Kasasa Cash and Kasasa Cash Back; Money Market Accounts; Savings and certificate of deposits (CDs), including Kasasa Saver and Christmas Club; debit/automated teller machine (ATM) cards, credit cards, and loans. The Bankâs business banking services include business checking, business savings, business credit cards and business loans. Its agricultural banking includes agricultural checking, agricultural savings, agricultural credit cards and agricultural loans.
WCF BANCORP, INC. 