Eagle Bancorp Montana, Inc. Reports Net Loan Charge Offs for the Third Quarter Ended September 30, 2023
October 24, 2023 at 10:00 am EDT
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Eagle Bancorp Montana, Inc. reported net loan charge offs for the third quarter ended September 30, 2023. For the quarter, the company reported Net loan charge-offs of $108,000.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.