FFW Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018
January 23, 2019 at 11:48 am EST
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FFW Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2018. For the quarter, the corporation reported total interest and dividend income of $4,084,554 compared to $3,733,833 a year ago. Net interest income was $3,297,499 compared to $3,242,662 a year ago. Net income attributable to common shareholders was $1,147,743 compared to $1,121,484 a year ago. Diluted earnings were $1 per share compared to $0.96 per share a year ago.
For the period, the corporation reported total interest and dividend income of $8,093,823 compared to $7,562,192 a year ago. Net interest income was $6,610,991 compared to $6,603,154 a year ago. Net income attributable to common shareholders was $2,252,526 compared to $2,541,636 a year ago. Diluted earnings were $1.95 per share compared to $2.18 per share a year ago.
FFW Corporation is a holding company. The Company operates through its subsidiaries, Crossroads Bank (the Bank) and Insurance 1 Services, Inc. The Bank provides a range of banking services and a range of investments and securities products through its main office in Wabash and six Indiana banking centers located in Columbia City, North Manchester, Peru, South Whitley, Syracuse, and Warsaw. The Bank provides leasing services at each of its banking centers. The Bank provides personal banking services, business banking services, mortgage services and insurance services. The Bank also offers various loans, such as commercial loans, commercial real estate loans, residential real estate loans and consumer credit loans. Insurance 1 Services, Inc. is an Indiana corporation that offers insurance products to customers as an independent agency. Wabash Investments, Inc., a wholly owned subsidiary of the Bank manages a portion of the Bank's investment portfolio.
FFW CORPORATION 
