First Defiance Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Announces Impairment Losses on Securities for the Fourth Quarter Ended December 31, 2012
January 28, 2013 at 05:00 pm EST
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First Defiance Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company has posted total interest income of $19,572,000 against $21,270,000 a year ago. Net interest income was $17,386,000 against $17,516,000 a year ago. Income before income tax was $7,410,000 against $5,704,000 a year ago. Net income was $5,157,000 against $4,064,000 a year ago. Net income applicable to common shares was $5,157,000 or $0.52 diluted per share against $3,556,000 or $0.36 diluted per share a year ago. Common book value per share was $26.44 against $24.74 a year ago. ROA was 1.01% against 0.78% a year ago. ROA was 8.00% against 5.85% a year ago.
For the year, the company has posted total interest income of $80,943,000 against $87,067,000 a year ago. Net interest income was $69,006,000 against $69,881,000 a year ago. Income before income tax was $26,676,000 against $22,199,000 a year ago. Net income was $18,664,000 against $15,534,000 a year ago. Net income applicable to common shares was $18,047,000 or $1.81 diluted per share against $13,507,000 or $1.42 diluted per share a year ago. Common book value per share was $26.44 against $24.74 a year ago. ROA was 0.90% against 0.75% a year ago. ROA was 6.99% against 5.89% a year ago.
For the fourth quarter of 2012, the company recorded net charge-offs of $2.2 million, which represented 0.59% of average loans outstanding (annualized) for the quarter, compared with 2.49% in the fourth quarter of 2011.
Premier Financial Corp. is the holding company for Premier Bank (the Bank). The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and Website, and uses those and other available sources of funds to originate residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans and consumer loans. In addition, the Bank invests in United States Treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, including real estate mortgage investment conduits (REMICs) and residential collateralized mortgage obligations (CMOs), and corporate bonds. The Bank offers customers a range of deposit products including demand, checking, money market and savings accounts. The Bank operates approximately 75 branches and nine loan offices in Ohio, Michigan, Indiana and Pennsylvania.
First Defiance Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Announces Impairment Losses on Securities for the Fourth Quarter Ended December 31, 2012