Community Investors Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported total interest income of $1,362,000 compared with $1,278,000 for the same period last year. Net interest income was $1,188,000 compared with $1,117,000 for the same period last year. Earnings before income taxes were $349,000 compared with $104,000 for the same period last year. Net income available for common shares was $236,000 or $0.38 basic per share compared with net loss available for common shares $73,000 or $0.09 basic per share for the same period last year.

For the nine months, the company reported total interest income of $4,160,000 compared with $3,780,000 for the same period last year. Net interest income was $3,652,000 compared with $3,223,000 for the same period last year. Earnings before income taxes were $860,000 compared with $434,000 for the same period last year. Net income available for common shares was $583,000 or $0.73 basic per share compared with $303,000 or $0.38 basic per share for the same period last year. The increase in 2015 earnings reflects an increase in net interest income of $429,000 (13.3%) and an increase in other income of $417,000 (50.7%). This was partially offset by an increase in general, administrative and other expenses of $322,000 (9.7%), and an increase in provision for losses on loans of $98,000 (31.9%). The increase in net interest income reflects the approximate 7.5% growth in loan portfolio coupled with continuing low deposit and FHLB advance rates.