The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 15, 2020. Its latest SEC filing is a 15-12B from Jul 10, 2020.
10-Q for Q1 FY2020, filed May 15, 2020
The sections below describe the company as of the FY2019 annual report.
Offers home loans, business and consumer loans, and retail deposit accounts to individuals and businesses in its Illinois market area.
10-K for FY2019, filed Mar 30, 2020
Makes money mainly from interest on loans, plus interest on investment and mortgage-backed securities; it also earns deposit fees and service charges and gains from selling loans and securities.
10-K for FY2019, filed Mar 30, 2020Ottawa Savings Bank’s principal business consists of originating one-to-four family residential real estate mortgage loans and home equity…View ↗
Our results of operations depend primarily on our net interest income. Net interest income is the difference between the interest income we…View ↗
Service charges on deposit accounts. The Company earns fees from its deposit customers for transaction-based, account maintenance and…View ↗
Other. Other noninterest income consists of other recurring revenue streams such as transaction fees, safe deposit rental income, and…View ↗
$12.5M
10-K for FY2019, filed Mar 30, 2020
$12.5M ↗
Individuals and businesses in the bank’s Illinois market area borrow and place retail deposits through its local offices. Most loans come through in-house loan originators, with some from advertising and customer referrals.
10-K for FY2019, filed Mar 30, 2020Our business activities are primarily conducted through Ottawa Savings Bank, headquartered in Ottawa, Illinois, which is located in…View ↗
Ottawa Savings Bank’s principal business consists of originating one-to-four family residential real estate mortgage loans and home equity…View ↗
Loan Origination, Purchases and Sales. Loan originations come from a number of sources. The primary source of loan originations are our…View ↗
Yes. It kept 15 cents of every revenue dollar as net income in FY2019 and turned 26 cents into free cash flow.
10-K for FY2019, filed Mar 30, 2020
8-K, filed Jun 22, 2020
On June 17, 2020, Ottawa Bancorp, Inc. (the “Company”) notified the NASDAQ Stock Market of its intent to file a Notification of Removal…View ↗
Grew. Revenue grew 55% in 4 years, from $8.1M in FY2015 to $12.5M in FY2019, about 12% a year.
Broader Grundy County coverage
The latest report describes the market area as covering all of Grundy County, while the earlier report described only parts of the county.
10-K for FY2016, filed Mar 29, 2017 10-K for FY2019, filed Mar 30, 2020Our business activities are primarily conducted through Ottawa Savings Bank, headquartered in Ottawa, Illinois, which is located in…View ↗
Our business activities are primarily conducted through Ottawa Savings Bank, headquartered in Ottawa, Illinois, which is located in…View ↗
Loading...
