DEFIANCE - First Defiance Financial Corp., a bank holding company, yesterday reported a smaller profit for the third quarter, at $1.7 million or 26 cents a share from $3.7 million or 58 cents a share for the period a year earlier.
The profit was affected by a $1.9 million charge to settle contingent liabilities related to the sale of its mortgage subsidiary. The banking company's net interest income was $8.6 million for the quarter, up from $7.8 million a year ago; provision for loan losses dropped to $376,000 from $497,000; and assets were $1.1 billion, up from $1 billion.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.