STOCK TITAN

Ottawa - OTTW STOCK NEWS

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.

Overview of Ottawa Bancorp, Inc.

Ottawa Bancorp, Inc. is a well-established, historic financial institution that serves as the holding company for Ottawa Savings Bank. Based in Ottawa, Illinois, the company has provided comprehensive financial services since its inception in 1871. It operates within the established framework of regional banking, offering a full range of deposit products and loans that cater to both individual and corporate customers. This commitment to traditional banking services is combined with a balanced portfolio that includes checking accounts, savings accounts, money market instruments, club savings, certificates of deposit, and retirement accounts. Keywords such as financial services, deposit products, and regional banking underscore its long-standing role in the banking industry.

Core Business and Financial Service Offerings

At its core, Ottawa Bancorp, Inc. focuses on delivering reliable and secure financial services. Its operations revolve around two principal segments:

  • Deposit Products: The company offers a broad suite of deposit products that include checking, savings, money market, club savings, and certificate of deposit accounts. These products are designed to provide liquidity, interest earnings, and safe financial management options to both personal and business clients.
  • Lending Services: A diverse loan portfolio is another cornerstone of the company’s operations. It provides one-to-four family residential real estate mortgage loans, home equity lines of credit, and a variety of commercial lending products including multi-family, non-residential, agricultural, commercial, and construction loans. Additionally, consumer loans such as auto, share, and personal unsecured loans are part of its comprehensive suite, ensuring that a wide demographic of customers is served.

Market Position and Industry Context

Ottawa Bancorp, Inc. occupies a significant role in regional banking within Illinois. Its historical presence and trusted brand identity have allowed it to build strong relationships with its customers over many decades. By offering a combination of traditional deposit products and diversified lending solutions, the company has maintained competitiveness in a market that values stability and personalized service. Although it operates primarily in a local context, its commitment to service excellence and community banking sustains its relevance even as larger national banks dominate broader markets.

Business Model and Revenue Streams

The company’s revenue is predominantly derived from the interest margins on its diverse loan portfolios and fees related to banking services. Its business model is anchored in the classic banking practice where deposits are used to fund loan products, generating steady income through interest differentials. This model is supported by prudent risk management practices and a focus on serving a well-defined, geographically constrained market. By consistently tailoring its offerings to meet the financial needs of individuals and businesses, Ottawa Bancorp, Inc. demonstrates an enduring commitment to financial stability and customer-focused banking.

Operational Excellence and Community Engagement

This institution's operations are underpinned by operational discipline and centuries-old expertise in regional banking. Ottawa Bancorp, Inc. emphasizes operational excellence and risk management, ensuring that its extensive portfolio of both deposit and loan products is managed with care. The institution's deep historical roots have cultivated a reputation for community engagement and consumer trust, positioning it as a dependable financial partner in the local economy. The company’s approach simultaneously respects traditional banking principles while addressing modern financial needs.

Competitive Landscape and Differentiation

Within a competitive industry landscape, Ottawa Bancorp, Inc. differentiates itself by leveraging its historical legacy and a comprehensive mix of financial products. As a provider of both secure deposit solutions and versatile lending options, the company stands apart through its commitment to personalized service and robust risk management. While major national banks may offer extensive services, the focused regional approach of Ottawa Bancorp, Inc. enables more tailored customer relationships and a deep understanding of local market dynamics.

Industry Keywords and Terminology

The narrative around Ottawa Bancorp, Inc. is enriched using industry-specific terminology that reflects its operational expertise. Terms such as residential mortgage loans, consumer lending, certificate of deposit, and commercial loans are interwoven into the description to provide clarity regarding its product offerings and revenue mechanisms. This strategic inclusion of technical language not only supports search engine alignment but also conveys an authoritative perspective for investors and industry analysts alike.

Conclusion

In summary, Ottawa Bancorp, Inc. has built its reputation on a foundation of historical expertise, reliable financial services, and a diversified product portfolio. Its significance in the regional banking industry is demonstrated by its long-standing service history and its commitment to offering a balanced mix of deposit and lending products. This robust, multi-faceted business model ensures that the bank remains a valuable resource for both individual and corporate clients across Illinois, with operations that reflect a thorough understanding of traditional banking as well as contemporary financial needs.

Rhea-AI Summary

OTTAWA, Ill., Feb. 4, 2021 - Ottawa Bancorp (OTCQX: OTTW) reported a net income of $0.8 million for Q4 2020, up from $0.6 million in Q4 2019, resulting in $0.30 per share. Annual net income rose 28.1% to $2.48 million, or $0.84 per share. The loan portfolio grew to $255.1 million while non-performing loans decreased to $1.9 million. The company has repurchased 562,256 shares at an average price of $12.98. CEO Craig Hepner expressed optimism for 2021 amid economic recovery, citing strong capital and asset quality.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) has approved a new stock repurchase program allowing the buyback of 297,047 shares, which is about 10% of its outstanding shares. As of September 30, 2020, the company previously repurchased 524,341 shares at an average price of $12.93. These transactions will take place through open market purchases, potentially under SEC Rule 10b5-1, and will be influenced by market conditions. The initiative aims to enhance shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
Tags
buyback
-
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) has declared a quarterly cash dividend of $0.08 per share, set to be paid on December 16, 2020. The record date for stockholders is December 2, 2020. As the holding company for Ottawa Savings Bank FSB, Ottawa Bancorp provides a range of financial services including various deposit and loan products. Founded in 1871, the bank serves individual and corporate customers in the U.S.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
dividends
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) reported a net income of $0.8 million ($0.27/share) for Q3 2020, an increase from $0.5 million ($0.18/share) in Q3 2019. For the nine months ending September 30, 2020, net income reached $1.6 million ($0.55/share), up from $1.4 million ($0.44/share) in the prior year. The loan portfolio grew to $256.7 million, with a decrease in non-performing loans from $2.3 million to $1.8 million. However, stockholders’ equity fell by 3.6% to $48.9 million, impacted by share repurchases and dividends, despite ongoing support for customers during the COVID-19 pandemic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
none
-
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW) has declared a quarterly cash dividend of $0.08 per share, set for payment on or about September 16, 2020. This dividend will be distributed to stockholders of record as of the close of business on September 2, 2020. Ottawa Bancorp is the holding company for Ottawa Savings Bank FSB, providing a range of financial services including various deposit accounts and loans since its establishment in 1871.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
dividends
-
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCWX: OTTW) reported a net income of $0.8 million ($0.25 per share) for Q2 2020, up from $0.4 million ($0.14 per share) in Q2 2019. The total loan portfolio grew to $254.6 million, while non-performing loans decreased from $2.3 million to $1.9 million. The bank repurchased 401,214 shares at an average price of $13.80. Revenue from increased loan originations contributed to a rise in total other income to $1.1 million. However, net interest margin declined to 3.20%. The bank remains committed to supporting its community amid the COVID-19 pandemic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.28%
Tags
none
Rhea-AI Summary

Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for Ottawa Savings Bank, has successfully transitioned to the OTCQX® Best Market from NASDAQ as of July 1, 2020. This shift enables Ottawa Bancorp to enhance operational efficiencies while providing investors with improved liquidity and visibility. The company's decision to deregister with the SEC, due to having fewer than 1,200 shareholders, is expected to result in significant cost savings related to regulatory compliance. Ottawa Bancorp aims to adhere to high financial standards and corporate governance practices in its new trading environment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
Tags
none
-
Rhea-AI Summary

Ottawa Bancorp, Inc. (Nasdaq: OTTW) announced its intent to voluntarily delist from the NASDAQ Capital Market and deregister its common stock with the SEC, with the last trading day expected on June 30, 2020. This decision is driven by cost savings from avoiding SEC reporting requirements. The company will file Form 25 to remove its stock listing and Form 15 to terminate its registration. Following delisting, Ottawa Bancorp plans to be quoted on the OTCQX Market, continuing to publish financial information through press releases and on its website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.81%
Tags
none
-
Rhea-AI Summary

OTTAWA, Ill., May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW) has announced a quarterly cash dividend of $0.08 per share. This dividend is set to be payable on or about June 17, 2020, to shareholders on record by the close of business on June 3, 2020. The company is the holding entity for Ottawa Savings Bank, FSB, which provides a range of financial services including various deposit accounts and loans for individuals and corporations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
dividends
Rhea-AI Summary

Ottawa Bancorp, Inc. reported a net income of $0.1 million for Q1 2020, down from $0.4 million in Q1 2019, equating to $0.029 per share. The loan portfolio grew to $250.3 million, despite a slight rise in non-performing loans. A provision for loan losses of $450,000 was recorded, reflecting COVID-19's impact. Total assets increased to $307.1 million, and total deposits rose by $6.1 million. The stock repurchase program has bought back 387,918 shares at an average of $13.92 per share. Ottawa Bancorp aims to support clients amid the pandemic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none

FAQ

What is the current stock price of Ottawa (OTTW)?

The current stock price of Ottawa (OTTW) is $14.55 as of March 31, 2025.

What is the market cap of Ottawa (OTTW)?

The market cap of Ottawa (OTTW) is approximately 34.8M.

What is the primary business of Ottawa Bancorp, Inc.?

Ottawa Bancorp, Inc. operates as the holding company for Ottawa Savings Bank, providing a variety of traditional banking services including deposit products and lending solutions.

Which financial products does the company offer?

The company offers a wide array of deposit products such as checking, savings, money market, club savings, certificates of deposit, and retirement accounts, along with diverse loan products including residential and commercial loans.

How does Ottawa Bancorp, Inc. generate revenue?

Revenue primarily comes from interest earned on its loan portfolio and fees associated with a broad range of banking services, underpinned by a traditional deposit-funded lending model.

What distinguishes Ottawa Bancorp, Inc. from larger national banks?

Its long historical presence, strong community ties, and tailored approach to regional banking allow Ottawa Bancorp, Inc. to provide personalized services that address the local market's specific financial needs.

How long has Ottawa Bancorp, Inc. been operating?

The company has a rich history dating back to 1871, demonstrating enduring experience and stability in the regional financial market.

What types of loans are provided by Ottawa Bancorp, Inc.?

The bank’s lending portfolio includes one-to-four family residential mortgage loans, home equity lines of credit, various commercial, multi-family, agricultural, non-residential, construction loans, and consumer loans such as auto and personal unsecured loans.

How does the company cater to both individual and corporate clients?

By offering a comprehensive mix of financial products, including customized deposit solutions and a wide range of loan products, Ottawa Bancorp, Inc. effectively addresses the diverse needs of both personal and business customers.

What role does regional banking play in the company’s business model?

Regional banking is central to its operations, allowing Ottawa Bancorp, Inc. to focus on local market dynamics, foster community relationships, and provide financial services that are closely tailored to the economic environment in Illinois.
Ottawa

OTC:OTTW

OTTW Rankings

OTTW Stock Data

34.85M
3.12M
0.16%
Banks - Regional
Financial Services
Link
United States
Ottawa