Business
Westbury Bancorp, Inc. Reports Net Income for the Three Months Ended December 31, 2020
Westbury Bancorp, Inc. Reports Net Income for the Three Months Ended December 31, 2020.
About this update from Westbury Bancorp, Inc.
[{"type":"text","content":"\n WEST BEND, Wis., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $2.7 million, or $1.06 per common share for the three months ended December 31, 2020 compared to net income of $1.8 million, or $0.58 per common share for the three months ended December 31, 2019. 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 primarily serving communities in Washington and Waukesha Counties through its eight full service offices 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 CFOGreg Remus - President and CEO262-335-6037     At or For the Three Months Ended: December 31, 2020September 30, 2020June 30, 2020March 31, 2020December 31, 2019Selected Financial Condition Data:(Dollars in thousands)Total assets$906,344 $887,285 $905,170 $817,754 $833,328 Loans receivable, net653,485 692,391 680,130 642,790 663,265 Allowance for loan losses8,486 7,908 7,632 7,079 6,986 Securities available for sale106,201 94,875 91,598 87,088 100,296 Total liabilities824,873 808,430 827,847 737,936 748,798 Deposits805,085 776,412...