 PALOS VERDES ESTATES, Calif., July 15, 2021 GLOBE NEWSWIRE -- Malaga Financial Corporation OTCPink:MLGF, the parent company of Malaga Bank FSB, today reported that net income for the six months ended June 30, 2021 was 9,622,000 1.25 basic and fully diluted earnings per share compared to 8,804,000 1.14 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020 for the same period ended June 30, 2020, an increase of 818,000 or 9. Net income for the quarter ended June 30, 2021 was 4,906,000 0.64 basic and fully diluted earnings per share, an increase of 286,000 or 6 from net income of 4,620,000 0.60 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020 for the quarter ended June 30, 2020. Net income for the quarter ended June 30, 2021 was 4,906,000 0.64 basic and fully diluted earnings per share, an increase of 190,000 or 4 from net income of 4,716,000 0.61 basic and fully diluted earnings per share for the quarter ended March 31, 2021. For the first six months of 2021, the Companys annualized return on average equity was 12.04 and the annualized return on average assets was 1.43. 