Community Investors Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
January 22, 2018 at 03:41 pm
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Community Investors Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported total interest income of $1.469 million against $1.478 million a year ago. Net interest income was $1.273 million against $1.299 million a year ago. Earnings before income taxes were $0.337 million against $0.168 million a year ago. Net income was $0.246 million or $0.31 per basic share against $0.119 million or $0.15 per basic share a year ago.
For the six months, the company reported total interest income of $2.973 million against $2.935 million a year ago. Net interest income was $2.577 million against $2.579 million a year ago. Earnings before income taxes were $0.781 million against $0.558 million a year ago. Net income was $0.561 million or $0.71 per basic share against $0.386 million or $0.49 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.