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, Ill., Nov. 20, 2024 (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 December 18, 2024, to stockholders of record as of the close of business on December 4, 2024.   

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, Ill., Aug. 21, 2024 (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 September 18, 2024, to stockholders of record as of the close of business on September 4, 2024.   

OTTAWA, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net loss of ($0.2) million, or $(0.08) per basic and diluted common share for the three months ended June 30, 2024, compared to net income of $0.5 million, or $0.22 per basic and diluted common share for the three months ended June 30, 2023. For the six months ended June 30, 2024, the Company announced net income of $0.1 million, or $0.02 per basic and diluted common share, compared to net income of $1.0 million, or $0.39 per basic and diluted common share for the six months ended June 30, 2023. During the current quarter, the Company executed a balance sheet management strategy designed to re-position the investment portfolio, generate additional liquidity and improve net interest income on a go-forward basis. Twenty-one investment securities were sold generating about $4 million of cash and a realized loss of $0.6 million. Proceeds were utilized to purchase more favorable investment securities and pay down higher cost wholesale funding. Additionally, the loan portfolio, net of allowance, decreased to $302.5 million as of June 30, 2024 from $312.2 million as of December 31, 2023 as originations of $20.3 million were lower than payoffs and payments. Non-performing loans were $5.0 million at June 30, 2024 and $4.8 million at December 31, 2023. Due to the decrease in the loan portfolio and the slight increase in non-performing loans, the ratio of non-performing loans to gross loans increased to 1.62% at June 30, 2024 from 1.52% at December 31, 2023.

OTTAWA, Ill., May 16, 2024 (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 June 12, 2024, to stockholders of record as of the close of business on May 29, 2024.   

OTTAWA, Ill., May 10, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.3 million, or $0.10 per basic and diluted common share for the three months ended March 31, 2024, compared to net income of $0.4 million, or $0.17 per basic and diluted common share for the three months ended March 31, 2023. The loan portfolio, net of allowance, decreased to $306.1 million as of March 31, 2024 from $312.2 million as of December 31, 2023 as payoffs and payments exceeded originations. Non-performing loans remained at $4.8 million at March 31, 2024 which is comparable to the level as of December 31, 2023. The ratio of non-performing loans to gross loans increased from 1.52% at December 31, 2023 to 1.55% at March 31, 2024.