 OTTAWA, Ill., Feb. 04, 2021 GLOBE NEWSWIRE -- Ottawa Bancorp, Inc. the Company OTCQX: OTTW, the holding company for Ottawa Savings Bank, FSB the Bank, announced net income of 0.8 million, or 0.30 per basic and diluted common share for the three months ended December 31, 2020, compared to net income of 0.6 million, or 0.18 per basic and diluted common share for the three months ended December 31, 2019. For the twelve months ended December 31, 2020, the Company announced net income of 2.48 million, or 0.84 per basic and diluted common share, compared to net income of 1.94 million, or 0.62 per basic and diluted common share for the twelve months ended December 31, 2019. The loan portfolio, net of allowance, increased to 255.1 million as of December 31, 2020 from 247.8 million as of December 31, 2019. Non-performing loans decreased from 2.3 million at December 31, 2019 to 1.9 million at December 31, 2020, which caused the ratio of non-performing loans to gross loans to decrease from 0.90 at December 31, 2019 to 0.62 at December 31, 2020. Additionally, through December 31, 2020, the Company has repurchased a total of 562,256 shares of its common stock at an average price of 12.98 per share as part of the stock repurchase program approved on November 19, 2019 and its previous stock repurchase programs that had expired prior to December 31, 2020. 