DOVER, Ohio, Aug. 2, 2010 (GLOBE NEWSWIRE) -- FFD Financial Corporation (Nasdaq:FFDF), parent company of First Federal Community Bank, Dover, Ohio, reported net earnings for the three months ended June 30, 2010, of $356,000, or diluted earnings per share of $.35, compared to the $322,000, or $.32, per diluted share, reported for the comparable three-month period in 2009. The $34,000, or 10.6%, increase in net earnings resulted from increases of $283,000, or 18.6%, in net interest income and $4,000, or 1.3%, in other income, which were partially offset by increases of $163,000, or 223.3%, in the provision for losses on loans, $71,000, or 5.6%, in general, administrative and other expenses and $19,000, or 11.4%, in the provision for federal income taxes.
FFD Financial Corporation Reports Net Earnings For The Quarter And Fiscal Year Ended June 30, 2010
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