 OTTAWA, Ill., May 05, 2021 GLOBE NEWSWIRE -- Ottawa Bancorp, Inc. the Company OTCQX: OTTW, the holding company for Ottawa Savings Bank, FSB the Bank, announced net income of 0.6 million, or 0.20 per basic and diluted common share for the three months ended March 31, 2021, compared to net income of 0.1 million, or 0.029 per basic and diluted common share for the three months ended March 31, 2020. During the first quarter of 2021, the Company experienced an increase in loan originations which drove growth in the loan portfolio. The loan portfolio, net of allowance, increased to 270.8 million as of March 31, 2021 from 255.1 million as of December 31, 2020. Non-performing loans decreased slightly from 1.9 million at December 31, 2020 to 1.8 million at March 31, 2021, which caused the ratio of non-performing loans to gross loans to decrease from 0.62 at December 31, 2020 to 0.57 at March 31, 2021. Additionally, through March 31, 2021, the Company has repurchased a total of 576,585 shares of its common stock at an average price of 12.99 per share as part of the four stock repurchase programs approved by the Board since the Companys second step conversion closed in 2016. 