[PEOPLES-SIDNEY FINANCIAL CORPORATION LETTERHEAD]
January 12, 2001
FOR IMMEDIATE RELEASE
Contact: Douglas Stewart, President
Or Debra Geuy, Chief Financial Officer
PEOPLES-SIDNEY FINANCIAL CORPORATION
ANNOUNCES QUARTERLY EARNINGS AND DECLARES DIVIDEND
Sidney, OH; NASD-NMS "PSFC"
Douglas Stewart, President of Peoples-Sidney Financial Corporation, parent
company of Peoples Federal Savings and Loan Association announced today the
Corporation's second quarter earnings for the fiscal year ending June 30, 2001.
Net income for the quarter ending December 31, 2000 was $170,000 or $0.12 basic
and diluted earnings per share compared to $116,000 or $0.08 basic and diluted
earnings per share for the same period in 1999. The increase in earnings was
primarily due to an increase in net interest income along with a reduction in
non-interest expense.
The Company's year-to-date net income was $332,000 or $0.23 basic and diluted
earnings per share compared with $247,000 or $0.17 basic and diluted earnings
per share for the same period in 1999.
On January 11, 2001, the Board of Directors declared a quarterly cash dividend
of $0.08 per share to shareholders of record as of February 1, 2001. This
dividend will be payable on February 15, 2001. At December 31, 2000 the
Corporation had 1,553,115 shares outstanding.
Peoples Federal serves Shelby County with offices at 101 E. Court Street,
Sidney, 403 S. Pike Street, Anna, and 115 E. Pike Street, Jackson Center, Ohio.
The Corporation had assets of $134 million and $17 million in shareholders'
equity at December 31, 2000.
