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Banking & Finance
Net Income Increases 33% at Cortland Bancorp
Monday, April 30, 2012
CORTLAND, Ohio – Cortland Bancorp reports net income of $1.16 million, or $.26 per share, for the first quarter of 2012, representing a 33% increase over the $.87 million, or $.19 per share reported for the same period in 2011, the company said.
The improvement in earnings performance is highlighted by a 16% year-over-year growth rate in the commercial loan portfolio and a composite loan portfolio growth rate of 8%.
In its quarterly earnings release, the company highlighted these results:
Farmers National Banc Corp. Looks for More Growth
Friday, April 27, 2012
CANFIELD, Ohio -- With a solid performance in 2011 behind him and having just released the results of a good first quarter, John S. Gulas, the president and CEO of Farmers National Banc Corp., informed shareholders Thursday their company is positioned for more growth -- through acquisition, building new offices and internally.
First Place CFO Clarifies Chairman’s Remarks
Thursday, April 26, 2012
WARREN, Ohio – The chief financial officer of First Place Financial Corp., David W. Gifford, issued a statement Wednesday intended to clarify seemingly overly optimistic remarks made by Sam Roth, the nonexecutive chairman of the board, as reported in the press last Saturday.
Farmers Reports Net Income of $2.52M for Quarter
Thursday, April 26, 2012CANFIELD, Ohio – Farmers National Banc Corp., parent of Farmers National Bank and Farmers Trust Co., Wednesday reported first-quarter net income of $2.52 million, or 13 cents per share.
This compares to net income of $3.04 million the preceding quarter, or 16 cents per share, and $1.69 million, or a dime a share, the first quarter of 2011.
The results reflect the 117th consecutive quarter of positive earnings, Farmers noted.
Middlefield Banc Corp. Earnings Increase 52%
Wednesday, April 25, 2012
MIDDLEFIELD, Ohio -- Middlefield Banc Corp., which operates Middlefield Banking Co. and Emerald Bank, reported net income of $1.523 million for the quarter ended March 31 compared to $1.002 million for the quarter ended March 31, 2011. On a per-share basis, diluted earnings were 86 cents for the 2012 first quarter, as compared to $0.62 for the comparable period of 2011.