Oxford Bank Corp. (OXBC)

[norweger1979]

Annual report 2016

"I won’t spend too much space in this letter about our financial results, other than to note that Net Income increased by 23.9 percent, with biggest revenue gains being interest income up 17 percent and noninterest income up by 73 percent. From a balance sheet perspective, Other Real Estate Owned decreased by 68 percent and Net Loans increased by 25 percent. Total assets increased nine percent because we basically invested part of our excess liquidity into loans. We expect similar growth in 2017, although we will have to substantially increase our deposit base to hit our asset growth targets."

David P. Lamb President, Chief Executive Officer Oxford Bank Corporation


Net Income
2016 $1,885,000
2015 $1,520,000

Book Value
2016 $15.04
2015 $14.77

https://www.oxfordbank.com/about-us/oxford-bank-news.html