The Dogwood State Bank recently released its second quarter results for the last three years and six months as of June 30, 2022.
For the second quarter the company has seen total assets cross the $1 billion mark with a net income of $2.3 million. This is an increase compared to $1.6 million from the second quarter in 2021.
Diluted earnings per share improved $0.16 per share in 2022, compared to $0.12 per share in 2021. Dogwood State Bank also experienced an increase in deposits of $22.6 million from quarter one in 2022 and increased by $184.7 million from the second quarter of 2021.
“The mix of non-interest deposits to total deposits improved to 39 percent, compared to 33 percent in March 2022 and June 2021,” stated the press release.
In February 2022, the Bank closed a $12.0 million private placement offering of common stock at $18 per share.
“I am proud to share that in just three years following the recapitalization, Dogwood State Bank has grown past the $1 billion total asset threshold,” said Steve Jones, Chief Executive Officer. “This significant milestone represents the tremendous dedication and hard work of all our teammates and reflects the many customer relationships we have built across our North Carolina markets.”
The building began as an empty shell and after major construction and renovations, the first floor is almost ready for guests. Photo by GFBJ.It has been a busy two years at 104 Fayetteville St. in downtown Clinton for R & R Brewing. Sin
Rich Farm & Venue is a 37-acre space with amenities suitable for any occasion such as weddings, birthday parties and more. Photos provided by Rich Farm & Venue. Rich Farm & Venue in the town of Roseboro combines affordable prices and
Kellie Artis is the owner of Bound & Vine, a soon-to-open independent bookstore and wine bar. Photo by GFBJ. Bookworms and wine lovers are in for a treat as downtown’s newest tenant prepares to open later this year. Kellie Artis is the