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Published: Thursday, 7/17/2008

Quarterly profit up 73% at Rurban

DEFIANCE - Rurban Financial Corp. reported yesterday that second-quarter profits rose 73 percent from the same period a year ago, to $1.4 million, or 28 cents a share, from $785,000, or 22 cents a share.

The regional banking and financial services company said net interest income climbed to $4.8 million from $4.2 million a year ago, but its provision for loan losses increased to $213,000 from $146,000 in the same period.

Rurban also announced a quarterly cash dividend of 9 cents a share, an increase of 1 cent over the previous quarter, payable Aug. 22 to shareholders of record Aug. 8, 2008.

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