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Published: Wednesday, 4/21/2010

First Defiance reports $1.5M first-quarter profit

DEFIANCE — First Defiance Financial Corp. reported yesterday that it had a first quarter profit of $1.5 million, or 12 cents per share, down 55 percent from $3.4 million, or 36 cents per share, from the same period a year earlier.

First Defiance, which owns First Federal Bank of the Midwest, said its provisions for loan losses rose to $6.9 million from $2.7 million a year ago, and $8.5 million in the fourth quarter. Its quarterly net interest income increased to $17.1 million from $16 million a year ago.

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