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ANNUAL REPORT 2016Dear Fellow Shareholder:
Ottawa Ban corp, Inc. recorded net income for the year ended December 31, 2016, of $1.26 million or $0.43 per
share. Our net interest margin improved slightly
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What is benchmark community bank?
Benchmark community bank is a reporting tool used by financial institutions to submit data on their lending activity to federal regulatory agencies.
Who is required to file benchmark community bank?
All banks and credit unions that qualify as community banks are required to file benchmark community bank.
How to fill out benchmark community bank?
Benchmark community bank can be filled out online through the designated reporting portal provided by the regulatory agencies.
What is the purpose of benchmark community bank?
The purpose of benchmark community bank is to assess the lending practices of community banks and ensure they are meeting the needs of the communities they serve.
What information must be reported on benchmark community bank?
Information such as loan type, borrower demographics, and loan amounts must be reported on benchmark community bank.
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