Community Investors Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2016
September 01, 2016 at 08:48 am EDT
Share
Community Investors Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2016. For the year, the company announced total interest income of $5,824,000 compared to $5,674,000 for the same period a year ago. Net interest income was $5,185,000 compared to $5,019,000 for the same period a year ago. Earnings before income taxes were $1,322,000 compared to $1,252,000 for the same period a year ago. Net income was $900,000 compared to $850,000 for the same period a year ago. Basic earnings per common share were $1.13 compared to $1.07 for the same period a year ago.
For the quarter, the company announced total interest income of $1,488,000 compared to $1,514,000 for the same period a year ago. Net interest income was $1,316,000 compared to $1,367,000 for the same period a year ago. Earnings before income taxes were $227,000 compared to $392,000 for the same period a year ago. Net income was $157,000 compared to $267,000 for the same period a year ago. Basic earnings per common share were $0.20 compared to $0.34 for the same period a year ago. Book value per common share outstanding was $15.47 compared to $14.52 for the same period 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.