CINCINNATI -- Glenway Financial Corp said it earned $1.26 million, or $1.20 per share, for its fiscal year ended June 30, compared with $1.76 million, or $1.69 per share, a year ago.

The reduction in 1994 earnings primarily is due to a $464,000 after-tax effect of a decline in gains on sale of loans, the company said. The level of net interest income has remained relatively constant year to year.

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