Profit rises on stronger interest income
FFW Corporation, which owns Crossroads Bank, said net income for the quarter ended Sept. 30 reached $1,920,000, equal to $1.77 per common share. In the same three months a year earlier, the Wabash-based company earned $1,518,000, or $1.40 per common share.[S1]
Net interest income climbed to $5,166,000 for the quarter, compared with $4,514,000 in the year-earlier period. The company recorded credit loss expense of $75,000 for the three months ended Sept. 30, 2025.[S1]
Fee income and costs both increase
Noninterest income came in at $1,415,000 for the quarter, up from $1,268,000 a year earlier. Noninterest expense also grew, reaching $4,274,000 compared with $4,002,000 in the same quarter of 2025.[S1]
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Return on average common equity for the quarter was 12.93%, compared with 11.90% for the three months ended Sept. 30, 2025.[S1]
