Marine Bank & Trust achieved record earnings for the first three quarters of 2019. The Bank’s assets as of September 30, 2019 were $278 million compared to $268 million as of September 30, 2018, an increase of $10 million or 4%.
Loans outstanding were $232 million as of September 30, 2019, compared to $209 million on September 30, 2018, an increase of $23 million or 11%.
Net income after tax for the first nine months of 2019 was $1,157,000 compared to $636,000 for the same period of 2018, an increase of 82%.
“Marine Bank’s continued commitment to the success of our community’s residents, business owners and philanthropic and civic organizations has proven to be a win-win for everyone,” said Bill Penney, President and CEO of Marine Bank & Trust. “By providing a pathway to homeownership, access to capital to grow a business, or support of a community project, team Marine is walking the walk. We truly believe the more everyone succeeds, the more we thrive.”