Continuously serving Kosciusko County since 1854
WABASH - FFW Corporation, parent corporation of Crossroads Bank, announced earnings for the quarter and year to date ended March 31.
For the three months ended March 31, the corporation reported net income of $1,689,000 or $1.56 per common share compared to $1,399,000 or $1.28 per common share for the three months ended March 31, 2025. Net interest income for the three months ended March 31 was $4,685,000 compared to $4,119,000 for the three months ended March 31, 2025. The provision for credit losses was $75,000 for the three months ended March 31, and $50,000 for the three months ended March 31, 2025. Total noninterest income was $1,271,000 for the three months ended March 31, compared to $1,309,000 for the three months ended March 31, 2025. Noninterest expense was $3,971,000 for the three months ended March 31 and $3,827,000 for the three months ended March 31, 2025.
For the nine months ended March 31, the corporation reported net income of $4,824,000 or $4.44 per common share compared to $4,081,000 or $3.66 per common share for the nine months ended March 31, 2025. Net interest income for the nine months ended March 31 was $13,863,000 compared to $11,894,000 for the nine months ended March 31, 2025. The company recognized a provision for credit losses of $250,000 for the nine months ended March 31 and $125,000 for the nine months ended March 31, 2025. Total noninterest income was $3,700,000 for the nine months ended March 31 compared to $3,849,000 for the nine months ended March 31, 2025. Noninterest expense was $11,882,000 for the nine months ended March 31 and $11,100,000 for the nine months ended March 31, 2025.
