WABASH, INDIANA - - FFW Corporation (the "Corporation") (OTCID: FFWC) (01/27/2026 Close: $47.65), parent corporation of Crossroads Bank (the "Bank"), announced earnings for the quarter ended December 31, 2025.
For the three months ended December 31, 2025, the Corporation reported net income of $1,617,000 or $1.48 per common share compared to $1,440,000 or $1.29 per common share for the three months ended December 31, 2024. Net interest income for the three months ended December 31, 2025 was $4,664,000,000 compared to $3,994,000 for the three months ended December 31, 2024. Credit loss expense was $100,000 for the three months ended December 31, 2025 and $75,000 for the three months ended December 31, 2024. Total noninterest income was $1,161,000 for the three months ended December 31, 2025 compared to $1,259,000 for the three months ended December 31, 2024. Noninterest expense was $3,909,000 for the three months ended December 31, 2025 and
$3,578,000 for the three months ended December 31, 2024.
For the six months ended December 31, 2025, the Corporation reported net income of $3,135,000 or $2.88 per common share compared to $2,682,000 or $2.38 per common share for the six months ended December 31, 2024. Net interest income for the six months ended December 31, 2025 was $9,179,000 compared to $7,776,000 for the six months ended December 31, 2024. The Company recognized a provision for credit losses of $175,000 for the six months ended December 31, 2025 and $75,000 for the six months ended December 31, 2024. Total noninterest income was $2,429,000 for the six months ended December 31, 2025 compared to $2,540,000 for the six months ended December 31, 2024. Noninterest expense was $7,911,000 for the six months ended December 31, 2025 and $7,273,000 for the six months ended December 31, 2024.
The three and six months ended December 31, 2025 represented a return on average common equity of 11.77% and 11.83% compared to 11.36% and 10.67% for the three and six months ended December 31, 2024. The three and six months ended December 31, 2025 represented a return on average assets of 1.11% and 1.09% compared to 0.99% and 0.93% for the three and six months ended December 31, 2024.
The allowance for credit losses as a percentage of gross loans receivable was 1.33% at December 31, 2025 compared to 1.35% at June 30, 2025. Nonperforming assets were $6,908,000 at December 31, 2025 compared to $8,147,000 at June 30, 2025.
As of December 31, 2025, FFWC's equity-to-assets ratio was 9.44% compared to 8.76% at June 30, 2025. Total assets at December 31, 2025 were $584,760,000 compared to $570,108,000 at June 30, 2025. Shareholders' equity was $55,209,000 at December 31, 2025 compared to $49,944,000 at June 30, 2025. Crossroads Bank exceeds all applicable regulatory requirements to be considered "well capitalized."
The Corporation has an active share repurchase program. During the quarter ended December 31, 2025, the Corporation repurchased 1,408 shares at an average price of $44.87. Year to date the Corporation repurchased 2,137 shares at an average price of $43.21. For more information regarding the share repurchase program, please contact Roger Cromer, President, at (260) 563-3185. The Corporation may suspend or discontinue repurchases at any time.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include expressions such as "expects," "intends," "believes," and "should," which are necessarily statements of belief as to the expected outcomes of future events. Actual results could materially differ from those presented. The Corporation's ability to predict future results involves a number of risks and uncertainties. The Corporation undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.
Crossroads Bank is a wholly owned subsidiary of FFW Corporation providing an extensive array of banking services and a wide range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse and Warsaw. The Bank also provides leasing services at each of its banking centers. Insurance products are offered through an affiliated company, Insurance 1 Services, Inc. The Corporation's stock is traded on the OTC Markets under the symbol "FFWC." Our website address is https://www.crossroadsbanking.com. Crossroads Bank, Member FDIC.
Consolidated Balance SheetDecemDer 31 June 30
2025 2025
Unaudited
Assets Cash and due from financial institutions | $ 6,816,789 | $ 7,166,023 |
Intere st-bearing dep o sits in other financial institutions | 3,921,097 | 3,649,597 |
Cash and cash equivalents | 10,737,886 | 10,815,620 |
Securities available for sale | 105,061,355 | 103,067,093 |
Loans held for sale | 640,500 | 314800 |
Loans receivable, net of allowance for credit losses of $5,886,040 | ||
at December 31, 2025 and $5,703,128 at June 30. 2025 | 435,325,539 | 422,829,649 |
Federal Home Loan Bank stock, at cost | 1,748,800 | 1,739,500 |
.Accrued interest receivable | 3,180,451 | 3,055,402 |
Premises and equipment, net | 7,595,174 | 7,602,679 |
l4ortgage servicing rights | 1,019,308 | 1,072,056 |
Cash surrender value of life insurance | 13,399,137 | 13,165,670 |
Go odwill | 1,213,898 | 1,213,898 |
Rep ossesse d .4ssets | 38,560 | |
Other assets | 4,837,735 | 5,192,615 |
Total assets | $ 584,759,783 | $ 570,107,542 |
Liabilities and shareholders' equity Dep osits
Noninterest-b e aring | $ 50,270,376 | $ 52,521,124 |
Interest-b e arino | 459,865,042 | 453,607,241 |
Total depo sits | 510,135,418 | 506,128,365 |
Borrowing s | 14,900,000 | 10,000,000 |
.Accrued expense s and other liabilities | 4,515,714 | 4,035448 |
Total liabilities | 529,551,132 | 520,163,813 |
Shareholders' e quity
Common sto ck, $.01 par; 2, 0 0 0.0 0 0 shares authorized;
Issued: 1,836,328; outstanding: 1, 085,8 42 at December 31, 2025 and
1,082,978 at June 30, 2025 | 18,363 | 18,363 |
.Additional p aid-in capital | 10,239,477 | 10,233,608 |
Retained earnings | 68,373,991 | 65,911,649 |
.Accumulated other comprehensive income (loss} | (8,747,938) | (11,560,272) |
Treasury stock, at cost: 750.486 at December 31, 2025 and | ||
753,350 at June 30. 2025 | (14,675,242T | f14,659,619J |
Total shareholders' equity | 55,208,651 | 49,943,729 |
Total liabilities and shareholders' equity | $ 584,759,783 | $ 570,107,542 |
Interest and dividend income:
Three Months Ended December 31
2025 2024
Unaodted Unaodited
Six Months December 31
2025 2024
Unaudited Unaudited
Loans. including fees Taxable securities Tax exempt securities Other
Total interest and dividend income
Interest expense.
6.222.131 $
531.607
398.895
69.958
5.759.713 $
537.113
411.872
187.210
b.d55.5Ud
12.342.216 $
1.096.053
796.125
136.761
14.d/1.155
11.490.780
1.074.663
817.709
381.632
IJ./b4./ d4
Deposits | 2.367.539 | 2.901.835 | 4.735.406 | 5.989.166 |
Borro in s | 190.994 | 14 | 457.238 | 14 |
Total interest expense | Z.55d.SJZ | I.GUI.d45 | 5.15Z.b44 | 5.5d5.1dU |
Net interest income | 4.664.059 | 3.994.059 | 9.178.511 | 7.775.604 |
Provision for credit losses | 100.000 | 75.000 | 175.000 | 75.000 |
Net interest income aFter provision for creclit losses | 4.564.059 | 3.919.059 | 9003.5]] | 7.700.604 |
Noninterest income.
Net gains on sales of loans
Net gains (losses] on fixed assets Net gains (losses] on sales of REO Commission income
Servi ce charges and fees Earnings on life insurance Other
Total noni merest income
Noninterest expense. Salaries and benefits Occupancy and equipment Professional
Marketing
Deposit insurance premium Regulatory assessment Correspondent bank charges Data processing
Printing, postage and supplies Expense on liIe insurance Contribution expense
Expense on REO
Total noni merest expense
J.5Ud.d/ 5
Srbulb
r.all.15r
Other
101.686
[2.076]
433.621
187.965
120.660
319.043
1.1bU,dUd
2.039.308
311.941
134.926
119.710
102.000
11.019
25.764
606.685
80.286
28.944
2.917
291
445.087
141.322
35.238
452.309
208.986
110.593
310.600
1.z55.U4d
2.004.047
311.383
193.931
103.762
75.000
11.569
24.055
494.887
84.644
(82.096]
9.601
347.235
256.077
25.527
(2.076]
852.187
438.804
233467
625.241
z.4z8.zz
4.077.795
619.057
289.807
226.458
204.000
22.037
52.237
1.260.577
149.721
57.888
10.417
2.333
938.830
239.334
35.238
(684]
936.389
465.519
218.272
645.474 z.5J8.54z
4.045.660
633.457
336.682
194.203
162.261
19.282
46.554
963.476
156.852
[47.553]
19.102
743.467
Income before income taxes | 1.816.078 | 1.600.089 | 3.521.581 | 2.966.703 | ||
Income tax expense | 198.947 | 160.565 | 386.570 | 284.493 | ||
Net income | 1.617.131 | 5 | 1.439.524 | $ 3.735.077 | t | 2.682.270 |
Attachments
- Original document
- Permalink
Disclaimer
FFW Corporation published this content on April 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2026 at 14:23 UTC.
