Ks Bancorp Inc (PK:KSBI)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1031 N Brightleaf Blvd PO Box 661 SMITHFIELD NC 27577-0661 |
| Tel: | N/A |
| Website: | https://www.ksbankinc.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| KS Bancorp, Inc. is a bank holding company. The Company offers a range of personal and business banking products and services, mortgage products and trust services. The Company operates through its subsidiary, KS Bank, Inc. (the Bank), which conducts its operations through nine full-service branch offices in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks and Smithfield, North Carolina, as well as a loan production office in Dunn. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes deposit and loan products, payroll services (through Flex Pay), merchant card services, cash management and remote deposit. KS Mortgage Services offers mortgage products through a team of mortgage specialists. Its Trust Services Division offers a complete line of trust services, such as money management, individual retirement accounts (IRAs), trust administration and estate administration. |
| Financial Overview |
| For the three months ended 31 March 2024, Ks Bancorp Inc interest income increased 22% to $8.3M. Net interest income after loan loss provision decreased 5% to $4.9M. Net income decreased 19% to $1.4M. Net interest income after loan loss provision reflects Interest-bearing deposits decrease of 45% to $120K, Investment Securities - Tax-exempt decrease of 1% to $202K, Dividends decrease of 14% to $6K. |
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