For the fourth quarter ended December 31, 2007, First Defiance has earned $3.6 million or $0.50 per diluted share compared to $4 million, or $0.55 per diluted share for the fourth quarter of 2006. Net interest income for the 2007 fourth quarter was $12.5 million, a 2.3% increase from the 2006 fourth quarter.
William Small, chairman, president and CEO of First Defiance Financial, said: Like all community banks, we have some exposure to falling property values, especially in our residential mortgage and home equity portfolios, but we are not aware of any specific weakness at this time that will result in higher than normal charge-offs.
