Sunday, Apr 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio



First Defiance posts $5.7M profit for quarter

DEFIANCE — First Defiance Financial Corp. on Monday reported a second-quarter profit of $5.7 million, or 57 cents a share, down 6 percent from the same period a year ago when the financial institution reported a profit of $6.1 million, or 60 cents a share.

First Defiance, the parent firm of First Federal Bank of the Midwest, said its provisions for loan losses decreased to $446,000, down from $448,000 a year ago. A lower loan loss provision figure is an indicator of the strength of a bank’s loan portfolio.

The company’s net interest income, a key measure of a bank’s profitability, was $17.1 million, up from $16.9 million for the first quarter a year ago.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…