Published: 7/18/2006

Profit up sharply at First Defiance

DEFIANCE - First Defiance Financial Corp., a bank holding company, said yesterday that its second-quarter profit was $3.95 million, or 55 cents a share, or nearly double the $2.03 million, or 28 cents a share, for the period a year ago.

The latest quarter included a $400,000 gain from the sale of its credit-card portfolio, the firm said. Net interest income was $12.3 million, up from $11.9 million a year earlier, and its non-performing assets jumped to $8.9 million because of a $2.5 million loan more than 90 days overdue. Its total assets were $1.5 billion on June 30, up from $1.4 billion a year earlier.

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.