DELAWARE, Ohio, April 20 /PRNewswire Interactive News Release/ -- The
Board of Directors of DCB Financial Corp (OTC Bulletin Board: DCBF), the
parent holding company of The Delaware County Bank & Trust Company announced a
seven cents (.07) per share dividend to shareholders of record April 17, 2001,
payable May 15, 2001.
The bank, headquartered in Delaware, Ohio operates 16 branch locations in
Delaware, Union and Franklin counties.
Net income for the first quarter ending March 31, 2001 totaled $1.4
million compared to $1.1 million for the same period last year. Earnings per
share were $.34 compared to $.25 at the end of the 1st quarter, 2000.
Net interest income after provision for loan losses for the period totaled
$4.4 million compared to $3.7 million for the 1st quarter 2000, an increase of
21.4%. Total interest income was $9.5 million, a $1.4 million increase over
the same period last year. Interest expense was at $4.9 million compared to
$4.2 million in 2000.
Non-interest income thru March 2001 totaled $1.4 million compared to
$1.0 million for the same period in 2000.
Non-interest expense for the period was $3.7 million compared to
$3.1 million in 2000.
At March 31, 2001, total assets were at $502.3 million compared to
$454.6 million on March 31, 2000. Total shareholders equity on March 31 was
$46.7 million compared to $40.7 million at March 31, 2000.
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SOURCE DCB Financial Corp.