Community Investors Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017
May 30, 2017 at 01:29 pm
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Community Investors Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported, total interest income of $1,453,000, net interest income of $1,274,000, earnings before income taxes of $102,000, net income of $70,000, compared to total interest income of $1,439,000, net interest income of $1,270,000, earnings before income taxes of $252,000, net income of $171,000, for the same period a year ago. Basic earnings per common share were $0.09 against $0.22 a year ago.
For the year to date, the company reported, total interest income of $4,389,000, net interest income of $3,854,000, earnings before income taxes of $663,000, net income of $459,000, compared to total interest income of $4,336,000, net interest income of $3,868,000, earnings before income taxes of $1,095,000, net income of $743,000, for the same period a year ago. Basic earnings per common share were $0.58 against $0.93 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.