Consumers Bancorp, Inc. (PK:CBKM)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 614 E Lincoln Way PO Box 256 MINERVA OH 44657-2096 |
| Tel: | N/A |
| Website: | https://investor.consumersbank.com/overview/default.aspx |
| IR: | See website |
| Key People | ||
| Ralph J. Lober President, Chief Executive Officer, Director | Renee K. Wood Chief Financial Officer, Executive Vice President, Treasurer, Corporate Secretary | Hillary A. Hudak Chief People Officer, Senior Vice President |
| Scott E. Dodds Executive Vice President, Senior Loan Officer | Kimberly K. Chuckalovchak Senior Vice President, Chief Information Officer | Derek G. Williams Senior Vice President - Retail Operations and Sales | Suzanne Mikes Senior Vice President, Chief Credit Officer |
| Business Overview |
| Consumers Bancorp, Inc. is a bank holding company for Consumers National Bank (the Bank). The Company is engaged in the business of commercial and retail banking. The Bank's business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. The Bank also invests in securities consisting primarily of United States government-sponsored entities, municipal obligations, mortgage-backed and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac and Ginnie Mae. Its deposit products include business and personal savings accounts, negotiable order of withdrawal accounts, time deposits and demand accounts, as well as certificates of deposit. The Bank's primary market area includes Carroll, Columbiana, Jefferson, Mahoning, Stark, Summit, Wayne, and contiguous counties in Ohio, Pennsylvania, and West Virginia. The Bank operates online and 21 branch locations. |
| Financial Overview |
| For the nine months ended 31 March 2024, Consumers Bancorp, Inc. interest income increased 23% to $36.3M. Net interest income after loan loss provision decreased 5% to $23.5M. Net income decreased 19% to $6.5M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Interest on Deposits increase from $3.8M to $11.6M (expense). |
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