FFD Financial Corporation Reports Net Earnings for the Three- and Six-Month Periods Ended

FFD Financial Corporation (NasdaqCM:FFDF - News), parent company of First Federal Community Bank of Dover, Ohio, reported net earnings for the three months ended December 31, 2008, of $282,000, or diluted earnings per share of $.27, compared to the $362,000, or $.33 per diluted share, of net earnings reported for the comparable three-month period in 2007. The $80,000, or 22.1%, decrease in net earnings resulted from an increase of $97,000, or 8.5%, in general, administrative and other expenses and a decrease of $44,000, or 2.7% in net interest income, which were partially offset by an increase of $15,000, or 9.9%, in other income and decreases of $12,000, or 10.8%, in the provision for losses on loans and $34,000, or 18.0%, in the provision for federal income taxes.


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posted by srikanth.....july6