Gouverneur Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 05, 2023 at 12:10 pm EDT
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Gouverneur Bancorp, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported net interest income was USD 1.95 million compared to USD 1.01 million a year ago. Net loss was USD 0.047 million compared to net income of USD 0.575 million a year ago.
For the six months, net interest income was USD 3.93 million compared to USD 2 million 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. 
