Business
Westbury Bancorp, Inc. Reports Net Income for the Three Months Ended December 31, 2019
Westbury Bancorp, Inc. Reports Net Income for the Three Months Ended December 31, 2019.
About this update from Westbury Bancorp, Inc.
[{"type":"text","content":"\n WEST BEND, Wis., Jan. 16, 2020 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.8 million, or $0.58 per common share for the three months ended December 31, 2019 compared to net income of $1.7 million, or $0.52 per common share for the three months ended December 31, 2018. About Westbury Bancorp, Inc. Westbury Bancorp, Inc. is the holding company for Westbury Bank.  The Company's common shares are traded on OTCQX under the symbol “WBBW”.  Detailed quarterly financial statements for the Company may be found at www.otcmarkets.com/stock/WBBW/disclosure. Westbury Bank is an independent community bank serving communities in Washington, Waukesha and Dane Counties through its eight full service offices and one loan production office providing deposit and loan services to individuals, professionals and businesses throughout its markets. Forward-Looking Information Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties, and assumptions. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the Company's operations and business environment.  The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Certain tabular presentations may not reconcile because of rounding. ___________________________________ WEBSITE:  www.westburybankwi.com  Contact: Kirk Emerich - Executive Vice President and CFO Greg Remus - President and CEO 262-334-5563  At or For the Three Months Ended: December 31, 2019September 30, 2019June 30, 2019March 31, 2019December 31, 2018Selected Financial Condition Data:(Dollars in thousands)Total assets$833,328 $855,624 $845,986 $823,212 $840,264 Loans receivable, net663,265 646,062 656,598 666,931 679,403 Allowance for loan losses6,986 6,890 6,787 6,784 6,482 Securities available for sale100,296 102,448 97,598 99,939 104,087 Total liabilities748,798 773,179 76...