Welcome to our dedicated page for Ottawa news (Ticker: OTTW), a resource for investors and traders seeking the latest updates and insights on Ottawa stock.
Ottawa Bancorp, Inc. (OTTW) provides essential banking services through Ottawa Savings Bank, serving Illinois communities since 1871. This news hub offers investors and stakeholders timely access to official updates and financial developments.
Track all corporate announcements through verified press releases, including earnings reports, regulatory filings, and strategic initiatives. Our curated collection simplifies monitoring of key areas like residential mortgage trends, commercial lending expansions, and deposit product innovations.
Discover updates across three core categories: financial performance disclosures, operational changes, and community banking initiatives. Each update is sourced directly from company communications to ensure accuracy for investment research and market analysis.
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Ottawa Bancorp (OTTW) reported Q1 2025 net income of $0.4 million ($0.19 per share), up from $0.3 million ($0.10 per share) in Q1 2024. The loan portfolio decreased to $295.1 million from $301.7 million, while non-performing loans improved to $4.1 million from $4.8 million.
Key highlights include improved net interest income and margin, reduced reliance on wholesale funding, and stronger liquidity position. The Board approved a new stock repurchase program for up to 120,996 shares (5% of outstanding stock) through April 23, 2026.
Total deposits increased slightly to $283.2 million, while FHLB advances decreased by 14.6% to $19.0 million. The company successfully resolved a troubled commercial loan relationship from 2022, reducing classified asset balance. Stockholders' equity remained stable at $40.2 million.
Ottawa Bancorp (OTCQX: OTTW), the holding company for OSB Community Bank, has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable on March 19, 2025, to stockholders of record as of March 5, 2025.
OSB Community Bank provides various financial services, including checking, money market, savings accounts, and retirement accounts. The bank's loan portfolio encompasses residential mortgages, multi-family and non-residential real estate, commercial loans, auto loans, and home equity lines of credit. Founded in 1871, OSB Community Bank is headquartered in Ottawa, Illinois.
Ottawa Bancorp (OTTW) reported Q4 2024 net income of $0.5 million ($0.21 per share), up from $0.2 million ($0.08 per share) in Q4 2023. However, full-year 2024 net income decreased to $0.8 million ($0.31 per share) from $1.7 million ($0.66 per share) in 2023.
The loan portfolio decreased to $301.7 million from $312.2 million year-over-year. Non-performing loans remained at $4.8 million, with the ratio increasing to 1.58% from 1.52%. The company completed its sixth stock repurchase program, buying back 127,332 shares at an average price of $13.51.
Total assets decreased 2.8% to $353.7 million, while deposits increased slightly by 0.7% to $282.9 million. FHLB advances decreased 27.6% to $22.3 million, and stockholders' equity declined 3.5% to $40.2 million.
Ottawa Bancorp (OTCQX: OTTW) has announced the completion of its previously announced stock repurchase program. The company successfully repurchased 127,332 shares of its outstanding common stock at an average price of $13.51 per share. The buyback was executed through OSB Community Bank, Ottawa Bancorp's holding company.
Ottawa Bancorp (OTCQX: OTTW), the holding company for OSB Community Bank, has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable on December 18, 2024, to stockholders of record as of December 4, 2024. OSB Community Bank provides various financial services, including deposit accounts and loans, to individual and corporate customers in the United States. The bank's portfolio includes residential mortgage, multi-family and non-residential real estate, commercial, and construction loans, along with auto loans and home equity lines of credit.
Ottawa Bancorp (OTTW) reported Q3 2024 net income of $0.2 million ($0.08 per share), down from $0.5 million ($0.20 per share) in Q3 2023. The loan portfolio decreased to $304.2 million from $312.2 million, with non-performing loans at $4.8 million. Interest income increased to $4.1 million from $3.8 million, while interest expense rose to $1.9 million from $1.5 million. The company continued its sixth stock repurchase program, buying back 64,221 shares at an average price of $13.38. Total assets decreased 2.4% to $355.2 million, and total deposits declined 2.1% to $275.3 million.
Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, has announced a quarterly cash dividend of $0.11 per share. This dividend is payable on September 18, 2024, to stockholders of record as of the close of business on September 4, 2024.
OSB Community Bank, founded in 1871, offers various financial services including deposit accounts and loans. The bank's portfolio includes residential mortgage, multi-family and non-residential real estate, commercial, and construction loans, as well as auto loans and home equity lines of credit.
Ottawa Bancorp (OTCQX: OTTW) reported a net loss of $0.2 million ($0.08 per share) for Q2 2024, compared to net income of $0.5 million ($0.22 per share) in Q2 2023. For H1 2024, net income was $0.1 million ($0.02 per share), down from $1.0 million ($0.39 per share) in H1 2023. The company executed a balance sheet management strategy, selling 21 investment securities for a $0.6 million loss to improve future net interest income. The loan portfolio decreased to $302.5 million from $312.2 million at year-end 2023. Non-performing loans increased slightly to 1.62% of gross loans. The company continued its stock repurchase program, buying back 11,425 shares at an average price of $11.72 in Q2 2024.
Ottawa Bancorp, the holding company for OSB Community Bank, announced a stock repurchase program approved by its Board of Directors. The program authorizes the repurchase of 127,332 shares, representing 5% of the company's outstanding common stock. These repurchases will occur through open market purchases, under a trading plan pursuant to SEC Rule 10b5-1, or through privately negotiated transactions. The repurchase program will terminate either upon the completion of the 127,332 shares purchase or by February 10, 2025, whichever comes first. The program aims to capitalize on favorable market conditions and other relevant factors.
Ottawa Bancorp, the holding company for OSB Community Bank, announced a quarterly cash dividend of $0.11 per share.
This dividend will be paid on June 12, 2024, to stockholders of record as of May 29, 2024. OSB Community Bank, founded in 1871 and headquartered in Ottawa, Illinois, offers a range of financial services including deposit accounts and various types of loans such as residential and commercial mortgages, auto loans, and home equity lines of credit. The bank serves both individual and corporate customers in the United States.
