Croghan Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 31, 2023
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Croghan Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 8.97 million compared to USD 9.12 million a year ago. Net income was USD 2.88 million compared to USD 3.3 million a year ago.
For the six months, net interest income was USD 18.29 million compared to USD 17.98 million a year ago. Net income was USD 5.98 million compared to USD 6.68 million a year ago. Basic earnings per share from continuing operations was USD 2.78 compared to USD 3.04 a year ago.
Croghan Bancshares, Inc. is the holding company of The Croghan Colonial Bank (the Bank). The Bank offers various services, such as personal banking, business banking and lending services. Its personal banking services include deposit accounts, savings options, digital services and credit & debit cards. It offers Gen$pend, E-Z Checking, classic checking, interest checking and overdraft protection. Its business banking services include business online banking, business mobile banking, business bill pay, merchant services, remote deposit capture, business Croghan alerts, business e-statements, business mobile deposit, business debit, credit cards and others. Its lending services include personal lending, business lending and mortgage lending. It offers a diverse range of commercial and retail banking services through its 19 banking centers located in Bellevue, Clyde, Curtice, Fremont, Green Springs, Monroeville, Norwalk, Maumee, Milan, Oak Harbor, Oregon, Port Clinton, and Tiffin, Ohio.