Community Investors Bancorp, Inc. Reports Financial Results for the Quarter Ended September 30, 2017
October 27, 2017 at 04:08 pm
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Community Investors Bancorp, Inc. reported financial results for the quarter ended September 30, 2017. For the quarter, total interest income was $1,503,000 against $1,457,000 a year ago. Net interest income was $1,303,000 against $1,281,000 a year ago. Net interest income after provision of load was $1,217,000 against $1,200,000 a year ago. Earnings before income taxes were $444,000 against $392,000 a year ago. Net income was $315,000 against $269,000 a year ago. Basic earnings per common share were $0.40 against $0.34 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.