Endeavor Bank reports Q1 results

Apr. 22, 2022 12:44 AM ETEndeavor Bancorp (EDVR)By: Meghavi Singh, SA News Editor
  • Endeavor Bank press release (OTCPK:EDVR): Q1 core loans increased by over $34M, or 12%, in the first quarter of the year and by more than $128M, or 69%, over the past 12 months.
  • Gross loans totaled $332M, the same as year-end 2021, because the Bank’s PPP loan portfolio declined by over $34M during the first quarter of this year.
  •  Total loan loss reserves now stand at $4.5M or 1.43% of the total core loan portfolio.

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