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First Defiance Financial (FDEF) in Defiance, Ohio, isn't going to buy First Community Bank in Columbus, Ohio, after all.
April 21 -
Several more banks have disclosed financial hits because they hold securities that regulators declined to exempt from the Volcker Rule. Many of the bankers are upset because they are taking impairment charges on performing securities.
January 21
First Defiance Financial in Defiance, Ohio,
The $2.2 billion-asset company's third-quarter earnings rose 40% from a year earlier, to $7.7 million.
Net interest income increased by 3%, to $17.7 million, even though the net interest margin compressed by 11 basis points, to 3.73%.
Noninterest income rose by 29%, to $9.4 million, largely because of $1.4 million in tax-free income derived from the company's life insurance and deferred compensation plan trust.
Noninterest expenses increased by 4%, to $16.8 million. The loan-loss provision decreased by 15%, to $406,000.
