cornelius bank

Aquesta earnings continue to grow from PPP loans

CORNELIUS – Aquesta Bank’s net income for the first quarter of 2021 grew 184 percent to $2.5 million compared to the same quarter a year ago. Aquesta funded 461 Paycheck Protection Program loans totaling $68.5 million in the first quarter of 2021, which is in addition to 1,053 PPP loans totaling $146.6 million funded during 2020. The massive loan-based earnings […]

Aquesta Bank income increases 43 percent in 3rd quarter

CORNELIUS – The holding company for Aquesta Bank announced its net income increased by 43 percent in the third quarter of 2019, compared to the same period a year ago. Aquesta had an unaudited net income of $1,004,000 (19 cents per share) compared to $702,000 (17 cents per share) in the third quarter of 2018. The Cornelius-based bank almost doubled […]