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Bank Issues Report On Third Quarter Results
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Gross loans were impacted by PPP loan balance decreases of $4.5 million and $61.5 million, during the third quarter and trailing 12 months, respectively, due to SBA forgiveness payments. Total deposits were $1.83 billion as of Sept. 30, 2022, a decrease of $21.6 million over June 30, 2022, and an increase of $129.7 million over Sept. 30, 2021.