SALINEVILLE, Ohio -- Citizens Bancshares reported net income for the nine months ended Sept. 30 of $6.8 million, a 17% increase over the $5.8 million earned for the same period in 1993.
Earnings per share for the first nine months were $2.14, up 16.3% from the same period. in 1993. Net income for the quarter ended Sept. 30 was $2.3 million, an 11.8% increase from the $2.1 million earned in third-quarter 1993.
Earnings per share for the third quarter were 73 cents, a 10.6% increase. The $660 million-asset company reported return on assets of 1.4% and return on average equity of 18.7%.