Ottawa Bancorp, Inc. Announces 2025 Second Quarter Results

OTTAWA, Ill., July 28, 2025 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.5 million, or $0.21 per basic and diluted common share, for the three months ended June 30, 2025, compared to a net loss of $(0.2) million, or $(0.08) per basic and diluted common share, for the three months ended June 30, 2024. For the six months ended June 30, 2025, the Company announced net income of $0.9 million, or $0.39 per basic and diluted common share, compared to net income of $0.01 million, or $0.02 per basic and diluted common share for the six months ended June 30, 2024. The loan portfolio, net of allowance, increased to $302.2 million as of June 30, 2025 from $301.7 million as of December 31, 2024 as originations exceeded payments and payoffs. Non-performing loans decreased to $3.8 million at June 30, 2025 from $4.8 million at December 31, 2024. This was due to the substantial resolution of the multi-loan commercial relationship originally identified as impaired in the third quarter of 2022. Thus, the ratio of non-performing loans to gross loans decreased from 1.58% at December 31, 2024 to 1.23% at June 30, 2025.