News for Ottawa Bancorp, Inc. (OTTW)

OTTAWA, Ill., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on or about March 19, 2025, to stockholders of record as of the close of business on March 5, 2025.

OTTAWA, Ill., Feb. 07, 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 December 31, 2024, compared to net income of $0.2 million, or $0.08 per basic and diluted common share, for the three months ended December 31, 2023. For the twelve months ended December 31, 2024, the Company announced net income of $0.8 million, or $0.31 per basic and diluted common share, compared to net income of $1.7 million, or $0.66 per basic and diluted common share for the twelve months ended December 31, 2023. The loan portfolio, net of allowance, decreased to $301.7 million as of December 31, 2024 from $312.2 million as of December 31, 2023 as originations of $50.6 million were lower than payments and payoffs. Non-performing loans were $4.8 million at both December 31, 2024 and 2023. Due to the decrease in the loan balance, the ratio of non-performing loans to gross loans increased to 1.58% at December 31, 2024 from 1.52% at December 31, 2023.

OTTAWA, Ill., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the 'Company”), the holding company for OSB Community Bank, announced today that the Company has completed its previously announced stock repurchase program. Under the program, the Company repurchased 127,332 shares of its outstanding common stock at an average price of $13.51 per share.

Ottawa Bancorp (OTTW) declared $0.11/share quarterly dividend, in line with previous. Forward yield 2.98%, payable Dec. 18 to shareholders of record Dec. 4.

OTTAWA, Ill., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board

OTTAWA, Ill., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the 'Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the 'Bank”), announced net income of $0.2 million, or $0.08 per basic and diluted common share for the three months ended September 30, 2024, compared to net income of $0.5 million, or $0.20 per basic and diluted common share for the three months ended September 30, 2023. For the nine months ended September 30, 2024, the Company announced net income of $0.3 million, or $0.10 per basic and diluted common share, compared to net income of $1.5 million, or $0.58 per basic and diluted common share for the nine months ended September 30, 2023. The loan portfolio, net of allowance, decreased to $304.2 million as of September 30, 2024 from $312.2 million as of December 31, 2023 as originations of $36.0 million were lower than payoffs and payments. Non-performing loans were $4.8 million at September 30, 2024 and $4.8 million at December 31, 2023. Due to the decrease in the loan balance, the ratio of non-performing loans to gross loans increased to 1.57% at September 30, 2024 from 1.52% at December 31, 2023.

Ottawa Savings Bancorp (OTTW) declared $0.11/share quarterly dividend, in line with previous. It is payable Sept. 18 for shareholders of record Sept. 4.

OTTAWA, Ill., Aug. 21, 2024 (GLOBE NEWSWIRE) --  Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its...

Ottawa Bancorp, Inc.  Announces Second Quarter 2024 Results

Ottawa Bancorp approves repurchase program for 5% of outstanding shares.

OTTAWA, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW) (the “Company”), the holding company for OSB Community Bank (the...