Community Investors Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended March 31, 2018; Restates Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2017
May 15, 2018 at 11:24 am
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Community Investors Bancorp, Inc. reported unaudited consolidated earnings results for third quarter and nine months ended March 31, 2018. For the quarter, the company's total interest income was $1,455,000 against $1,453,000 a year ago. Net interest income was $1,260,000 against $1,274,000 a year ago. Earnings before income tax were $170,000 against $102,000 a year ago. Net income was $148,000 against $70,000 a year ago. Basic earnings per common share were $0.19 against $0.09 a year ago.
For the nine months, the company's total interest income was $4,427,000 against $4,389,000 a year ago. Net interest income was $3,836,000 against $3,854,000 a year ago. Earnings before income tax were $951,000 against $663,000 a year ago. Net income was $958,000 against $459,000 a year ago. Basic earnings per common share were $1.20 against $0.58 a year ago.
The company also restated unaudited consolidated earnings results for second quarter and six months ended December 31, 2017. For the quarter, the company now restated total interest income was $1,469,000 against $1,478,000 a year ago. Net interest income was $1,273,000 against $1,299,000 a year ago. Earnings before income tax were $337,000 against $168,000 a year ago. Net income was $462,000 against $119,000 a year ago. Basic earnings per common share were $0.58 against $0.15 a year ago.
For the six months, the company now restated total interest income was $2,973,000 against $2,935,000 a year ago. Net interest income was $2,577,000 against $2,579,000 a year ago. Earnings before income tax were $782,000 against $558,000 a year ago. Net income was $811,000 against $386,000 a year ago. Basic earnings per common share were $1.02 against $0.49 a year ago.
Community Investors Bancorp, Inc. is a holding company whose principal activity is the ownership and management of its wholly owned subsidiary, First Federal Community Bank of Bucyrus (Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in northern Ohio. It provides personal banking and business banking services. Its deposit accounts include checking, savings, money market, Christmas club, health savings, certificates of deposit and individual retirement accounts. Its online services include online banking, bill pay, eStatements, mobile banking, remote deposit capture and cash management. It provides consumer loans, home equity loans, home equity line of credit, auto & RV loans, mortgage loans, construction loans and others. It also offers secured loans, credit cards, commercial investment real estate, construction loans, equipment financing, business loan applications and others.
Community Investors Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended March 31, 2018; Restates Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 31, 2017