Eagle Bancorp Montana, Inc. Reports Net Loan Charge-Offs for the Loan Charge-Offs for the Fourth Quarter of 2019
January 28, 2020 at 12:02 pm EST
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Eagle Bancorp Montana, Inc. reported net loan charge-offs for the loan charge-offs for the fourth quarter of 2019. For the quarter, the company had net loan charge-offs of $233,000 compared to $244,000 in the third quarter of 2019 and $11,000 in the fourth quarter a year ago.
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.
EAGLE BANCORP MONTANA, INC. 
