Monday, February 08, 2016
Current Weather
Loading Current Weather....
Published: Wednesday, 10/24/2012 - Updated: 3 years ago

Rurban Financial Corp.'s third-quarter profit is up from 2011


DEFIANCE — Rurban Financial Corp., parent firm of State Bank & Trust Co., reported a third-quarter profit Tuesday of $1.3 million, or 27 cents a share, up from $600,000, or 12 cents a share, in the same period in 2011.

The bank reported strong performance in its mortgage division, with third-quarter loan originations reaching a record-high of $90.7 million, up 31 percent from the $21.7 million recorded in 2011’s third quarter.

Net-interest income rose 0.7 percent over the same quarter last year to $5.52 million. The bank said it had total assets of $630.2 million at quarter’s end, up 1 percent from 2011.

Recommended for You

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.