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ASCN (Absecon Bancorp) Net Loan : $110.96 Mil (As of Dec. 2023)


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What is Absecon Bancorp Net Loan?

Absecon Bancorp's quarterly net loan increased from Dec. 2021 ($91.28 Mil) to Dec. 2022 ($103.01 Mil) and increased from Dec. 2022 ($103.01 Mil) to Dec. 2023 ($110.96 Mil).

Absecon Bancorp's annual net loan increased from Dec. 2021 ($91.28 Mil) to Dec. 2022 ($103.01 Mil) and increased from Dec. 2022 ($103.01 Mil) to Dec. 2023 ($110.96 Mil).

Absecon Bancorp Net Loan Historical Data

The historical data trend for Absecon Bancorp's Net Loan can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Absecon Bancorp Net Loan Chart

Absecon Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Loan
71.18 93.08 91.28 103.01 110.96

Absecon Bancorp Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Net Loan 71.18 93.08 91.28 103.01 110.96

Absecon Bancorp Net Loan Calculation

Total loans on banks' book. These are the fund that banks have lent out. The loans contribute to banks' income. Some borrower of the loans may stop paying their payment. In this case, the loan is called non-performing loans.

Loans can be divided into residential loans, commercial loans or consumer loans. Peter Lynch loved

Absecon Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Net Loan
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Traded in Other Exchanges
N/A
Address
106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409
Website
https://www.fnbabsecon.com
Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020