SPRINGFIELD, Ohio - Western Ohio Financial Corp., a $186 million- asset savings bank holding company, said its fourth-quarter 1994 earnings of $595,000 were down 5% from the same period in 1993. Net income for the year was down 1%, to $2.62 million from $2.65 million in 1993.

The company attributed the profit declines to rising interest rates, which increased the cost of its primary business, mortgage loans.

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