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County Bancorp, Inc. Observes Improvements in Status of Loan Payment Deferrals

Total loan balances under customer support relief program down 50% during the fiscal third quarter-to-date

MANITOWOC, Wis., Sept. 14, 2020 (GLOBE NEWSWIRE) — County Bancorp, Inc. (NASDAQ: ICBK), the parent company for Investors Community Bank (collectively “the Company”), today announced an improvement in customers under payment deferrals related to COVID-19.  

    September 11, 2020     June 30, 2020  
    Customers in payment deferral     Customers on interest only     Principal Balance     Customers in payment deferral     Customers on interest only     Principal Balance  
                    (dollars in millions)                     (dollars in millions)  
Agriculture     10       81     $ 77.6       9       83     $ 84.9  
Commercial     5       9     $ 23.1       35       54     $ 115.5  
     Total     15       90     $ 100.7       44       137     $ 200.4  

“In March, we evaluated the potential impact of COVID-19 on the communities we serve, and our team quickly mobilized to help our customers through this crisis,” said Tim Schneider, CEO of Investors Community Bank. “While we have a variety of capabilities

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