First Niles reports net income of $85K in quarter
First Niles reports net income of $85K in quarter
NILES — First Niles Financial Co., the holding company for Home Federal Savings and Loan Association of Niles, recorded net income of $85,000 for the first quarter of 2020, a decrease of 7.6 percent from the $92,000 it had in the same period in 2019.
The company reported primary earnings per share for the three months ending March 31 was 8 cents, unchanged from the first quarter of 2019.
It has $104.2 million in assets, a 4.1 percent increase from the $100.1 million in the first quarter of 2019 and net loans of $67.5 million compared to $67.7 million at Dec. 31, a decrease of 0.2 percent. Deposits were $58.7 million at March 31, $3.1 million less than at Dec. 31.
First Niles reports net income of $85K in quarter
NILES — First Niles Financial Co., the holding company for Home Federal Savings and Loan Association of Niles, recorded net income of $85,000 for the first quarter of 2020, a decrease of 7.6 percent from the $92,000 it had in the same period in 2019.
The company reported primary earnings per share for the three months ending March 31 was 8 cents, unchanged from the first quarter of 2019.
It has $104.2 million in assets, a 4.1 percent increase from the $100.1 million in the first quarter of 2019 and net loans of $67.5 million compared to $67.7 million at Dec. 31, a decrease of 0.2 percent. Deposits were $58.7 million at March 31, $3.1 million less than at Dec. 31.