Blackhawk Bancorp Inc (BHWB) 15.5000 $BHWB
Blackhawk appoints David K Adkins as president
M2 - Wed Aug 27, 6:57AM CDT
Chairman and chief executive officer Rick Bastian of Blackhawk Bancorp Inc (OTCBB:BHWB), the parent company of Blackhawk Bank, on Wednesday named David K Adkins as the president of both the company and its subsidiary bank.
Blackhawk Names Adkins President
Business Wire - Tue Aug 26, 11:33AM CDT
Rick Bastian, Chairman and CEO of Blackhawk Bancorp, Inc. (OTCBB: BHWB), announced that David K. Adkins, executive vice president and chief operating officer, was appointed president of Blackhawk Bancorp, Inc. and its subsidiary, Blackhawk Bank. He was also appointed a director of the bank and its parent. As chief executive officer, Bastian will continue to be responsible for the company's overall performance and strategic direction while Adkins assumes day-to-day responsibility for most of the bank's operations.
Blackhawk Bancorp, Inc. Declares Common Stock Dividend
Business Wire - Mon Jul 28, 10:18AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports that its Board of Directors has declared a cash dividend on the Company's common stock. Shareholders of record on August 15, 2014 will be paid a dividend of $0.02 per share on August 29, 2014. This amounts to $0.08 per share on an annualized basis.
Blackhawk Bancorp Announces Second Quarter 2014 Results
Business Wire - Thu Jul 24, 11:42AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports that net income for the second quarter of 2014 increased 91% to $982,000 compared to $513,000 earned in the second quarter of 2013. Earnings per diluted share for the quarter increased $0.26 to $0.42 compared to $0.16 the second quarter last year. The company's total assets increased 2% to $594.6 million as of June 30, 2014 compared to $583.4 million at the end of 2013.
Blackhawk Bancorp Announces Record Earnings for 2013
Business Wire - Wed Feb 05, 3:32PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $1,840,000 for the fourth quarter of 2013, a 136% increase compared to $781,000 earned in the fourth quarter of 2012. For the year ended December 31, 2013 the company's net income was $3,915,000, a 34% increase compared to $2,912,000 earned in 2012.
Blackhawk Bancorp Announces First Quarter 2013 Results
PR Newswire - Wed Apr 24, 1:30PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported earnings of $583,000 for the quarter ended March 31, 2013, a 14% decrease compared to $678,000 earned in the first quarter of 2012. Earnings per diluted share for the quarter decreased $0.05 to $0.19 compared to $0.24 the first quarter of 2012. The company saw improvements in net interest income and the provision for loan losses, which were more than offset by a decline in non-interest income. The decline in non-interest income was primarily due to a slow-down in mortgage refinance activity, and a reduction in the net gain on sale of securities and other assets. "Our net interest income and other recurring revenues have held up well despite pressure from intense competition for high quality loans and the pro-longed low interest rate environment," said Rick Bastian, the company's president and CEO. "The historically high provision for loan losses continues to be the primary drag on our earnings, however we're making progress in our efforts to reduce p
Blackhawk Bancorp Announces Private Placement of Subordinated Notes
PR Newswire - Mon Apr 01, 3:00PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today announced that it has successfully raised $6.1 million of subordinated debt. The notes were offered pursuant to a Private Placement Memorandum and sold only to certain "accredited investors" as defined by Rule 501 under the Securities Act of 1933, as amended. The offering was fully subscribed with the proceeds being used to extinguish the company's senior debt. "The notes were structured to qualify as tier 2 capital under federal regulatory capital guidelines," said Todd James, the company's chief financial officer. "This transaction is part of our continuing effort to strengthen the company's capital position without diluting our current shareholders," he added.
Blackhawk Bancorp Announces Fourth Quarter and Annual 2012 Results
PR Newswire - Fri Feb 08, 3:00PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported net income of $781,000 for the quarter ended December 31, 2012, a 7% increase compared to the $731,000 earned in the fourth quarter of 2011. For the year ended December 31, 2012 Blackhawk reported net income of $2,912,000, a 20% increase compared to $2,426,000 earned in 2011. Strong growth in noninterest income, led by mortgage banking revenue, more than offset an increase in the provision for loan losses for the year.
Blackhawk appoints David K Adkins as president
M2 - Wed Aug 27, 6:57AM CDT
Chairman and chief executive officer Rick Bastian of Blackhawk Bancorp Inc (OTCBB:BHWB), the parent company of Blackhawk Bank, on Wednesday named David K Adkins as the president of both the company and its subsidiary bank.
Blackhawk Names Adkins President
Business Wire - Tue Aug 26, 11:33AM CDT
Rick Bastian, Chairman and CEO of Blackhawk Bancorp, Inc. (OTCBB: BHWB), announced that David K. Adkins, executive vice president and chief operating officer, was appointed president of Blackhawk Bancorp, Inc. and its subsidiary, Blackhawk Bank. He was also appointed a director of the bank and its parent. As chief executive officer, Bastian will continue to be responsible for the company's overall performance and strategic direction while Adkins assumes day-to-day responsibility for most of the bank's operations.
Blackhawk Bancorp, Inc. Declares Common Stock Dividend
Business Wire - Mon Jul 28, 10:18AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports that its Board of Directors has declared a cash dividend on the Company's common stock. Shareholders of record on August 15, 2014 will be paid a dividend of $0.02 per share on August 29, 2014. This amounts to $0.08 per share on an annualized basis.
Blackhawk Bancorp Announces Second Quarter 2014 Results
Business Wire - Thu Jul 24, 11:42AM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports that net income for the second quarter of 2014 increased 91% to $982,000 compared to $513,000 earned in the second quarter of 2013. Earnings per diluted share for the quarter increased $0.26 to $0.42 compared to $0.16 the second quarter last year. The company's total assets increased 2% to $594.6 million as of June 30, 2014 compared to $583.4 million at the end of 2013.
Blackhawk Bancorp Announces Record Earnings for 2013
Business Wire - Wed Feb 05, 3:32PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) reports net income of $1,840,000 for the fourth quarter of 2013, a 136% increase compared to $781,000 earned in the fourth quarter of 2012. For the year ended December 31, 2013 the company's net income was $3,915,000, a 34% increase compared to $2,912,000 earned in 2012.
Blackhawk Bancorp Announces First Quarter 2013 Results
PR Newswire - Wed Apr 24, 1:30PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported earnings of $583,000 for the quarter ended March 31, 2013, a 14% decrease compared to $678,000 earned in the first quarter of 2012. Earnings per diluted share for the quarter decreased $0.05 to $0.19 compared to $0.24 the first quarter of 2012. The company saw improvements in net interest income and the provision for loan losses, which were more than offset by a decline in non-interest income. The decline in non-interest income was primarily due to a slow-down in mortgage refinance activity, and a reduction in the net gain on sale of securities and other assets. "Our net interest income and other recurring revenues have held up well despite pressure from intense competition for high quality loans and the pro-longed low interest rate environment," said Rick Bastian, the company's president and CEO. "The historically high provision for loan losses continues to be the primary drag on our earnings, however we're making progress in our efforts to reduce p
Blackhawk Bancorp Announces Private Placement of Subordinated Notes
PR Newswire - Mon Apr 01, 3:00PM CDT
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today announced that it has successfully raised $6.1 million of subordinated debt. The notes were offered pursuant to a Private Placement Memorandum and sold only to certain "accredited investors" as defined by Rule 501 under the Securities Act of 1933, as amended. The offering was fully subscribed with the proceeds being used to extinguish the company's senior debt. "The notes were structured to qualify as tier 2 capital under federal regulatory capital guidelines," said Todd James, the company's chief financial officer. "This transaction is part of our continuing effort to strengthen the company's capital position without diluting our current shareholders," he added.
Blackhawk Bancorp Announces Fourth Quarter and Annual 2012 Results
PR Newswire - Fri Feb 08, 3:00PM CST
Blackhawk Bancorp, Inc. (OTCBB: BHWB) today reported net income of $781,000 for the quarter ended December 31, 2012, a 7% increase compared to the $731,000 earned in the fourth quarter of 2011. For the year ended December 31, 2012 Blackhawk reported net income of $2,912,000, a 20% increase compared to $2,426,000 earned in 2011. Strong growth in noninterest income, led by mortgage banking revenue, more than offset an increase in the provision for loan losses for the year.
