Sunday, Dec 04, 2016
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Economy

Results increase at Rurban Financial

DEFIANCE - Rurban Financial Corp., which operates State Bank & Trust Co. and is buying Exchange Bank, reported a first-quarter profit yesterday of $638,500, or 14 cents a share, up from $612,000, or 13 cents a share, for the same period a year ago.

Its net interest income was $3 million for the quarter, about the same as a year ago, it had no provisions for loan losses compared with $150,000 a year ago, and its assets were $414.5 million, down from $415.3 million at the end of last year.

Rurban also declared a quarterly dividend of 5 cents a share, payable May 20 to holders of record May 6.

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