South Atlantic Bancshares Q3 net income $2.0 millionChristian Fernsby ▼ | October 22, 2020
South Atlantic Bancshares, parent of South Atlantic Bank, reported that net income for the three months ended September 30, 2020 totaled $2.0 million ompared to $1.7 million reported for the same three months ended September 30, 2019.
South Atlantic Bancshares Net income for the three months ended September 30, 2020 totaled $2.0 million
Gross origination fees from the PPP loans that we originated are currently expected to total approximately $3.8 million, based on our current expectations with respect to the eligibility of such PPP loans to qualify for loan forgiveness. ■