Community Investors Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016
January 24, 2017 at 04:22 pm
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Community Investors Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported total interest income of $1.478 million against $1.466 million a year ago. Net interest income was $1.299 million against $1.308 million a year ago. Earnings before income taxes were $0.168 million against $0.403 million a year ago. Net income was $0.119 million or $0.15 per basic share against $0.275 million or $0.35 per basic share a year ago.
For the six months, the company reported total interest income of $2.935 million against $2.897 million a year ago. Net interest income was $2.579 million against $2.599 million a year ago. Earnings before income taxes were $0.558 million against $0.829 million a year ago. Net income was $0.386 million or $0.49 per basic share against $0.563 million or $0.71 per basic share 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.