Gouverneur Bancorp, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended June 30, 2020
July 27, 2020 at 09:58 am EDT
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Gouverneur Bancorp, Inc. announced earnings results for the third quarter and nine months ended June 30, 2020. For the quarter, the company reported net interest income of $1,112,000 compared to $1,256,000 a year ago. Net income was $45,000 compared to net loss of $184,000 a year ago.
For the nine months, the company reported net interest income of $3,435,000 compared to $3,830,000 a year ago. Net loss was $592,000 or $0.28 per diluted share compared to $323,000 or $0.15 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. 
