Croghan Bancshares, Inc. Reports Earnings Results for the Year Ended December 31, 2013
February 13, 2014 at 09:59 am
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Croghan Bancshares, Inc. reported earnings results for the year ended December 31, 2013. For the year, the company reported income before federal income taxes of $5,339,000, net income of $4,447,000 or $2.58 per share on net interest income of $19,262,000 against income before federal income taxes of $5,584,000, net income of $4,843,000 or $2.89 per share on net interest income of $21,059,000 for the same period a year ago. Book value per share was $37.45 against $40.01 per share for the same period a year ago.
Return on average assets was 0.69% against 0.77% for the same period a year ago. Return on average equity was 6.60% against 7.40% for the same period a year ago.
Croghan Bancshares, Inc. is the holding company of The Croghan Colonial Bank (the Bank). The Bank offers various services, such as personal banking, business banking and lending services. Its personal banking services include deposit accounts, savings options, digital services and credit & debit cards. It offers Gen$pend, E-Z Checking, classic checking, interest checking and overdraft protection. Its business banking services include business online banking, business mobile banking, business bill pay, merchant services, remote deposit capture, business Croghan alerts, business e-statements, business mobile deposit, business debit, credit cards and others. Its lending services include personal lending, business lending and mortgage lending. It offers a diverse range of commercial and retail banking services through its 19 banking centers located in Bellevue, Clyde, Curtice, Fremont, Green Springs, Monroeville, Norwalk, Maumee, Milan, Oak Harbor, Oregon, Port Clinton, and Tiffin, Ohio.