Community Investors Bancorp, Inc. Announces Consolidated Unaudited Earnings Results for Fourth Quarter and Full Year Ended June 30, 2015
August 18, 2015 at 08:38 pm IST
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Community Investors Bancorp Inc. announced consolidated unaudited earnings results for fourth quarter and full year ended June 30, 2015. For the quarter, the company reported total interest income of $1,514,000, net interest income of $1,367,000, earnings before income taxes of $392,000, net earnings available for common shares of $267,000 or $0.34 earnings per basic share, compared to the total interest income of $1,310,000, net interest income of $1,141,000, earnings before income taxes of $230,000, net earnings available for common shares of $162,000 or $0.20 earnings per basic share, for the same period a year ago.
For the year, the company reported total interest income of $5,674,000, net interest income of $5,019,000, earnings before income taxes of $1,252,000, net earnings available for common shares of $850,000 or $1.07 earnings per basic share, total interest income of $5,090,000, net interest income of $4,364,000, earnings before income taxes of $663,000, net earnings available for common shares of $465,000 or $0.58 earnings per basic share, for the same period a year ago. Book value per common share as June 30, 2015 was $14.51 compared to $13.60 as at June 30, 2014.
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.