REGION

REGION

Loan delinquencies
plague UCFC earnings

YOUNGSTOWN — United Community Financial Corp. earned $2.6 million, or 9 cents a share, in the third quarter, compared with $6.1 million, or 21 cents a share, in the same quarter last year.

Douglas McKay, company chairman and chief executive, said the level of loan delinquencies continues to be his primary concern. He said the company has committed itself to resolving the problem.

Nonperforming loans, which are past due 90 days or more, amounted to $100.8 million Sept. 30, compared with $54.8 million Dec. 31, 2006. Nonperforming assets, which includes nonperforming loans and real estate acquired in settlements, amounted to 4.1 percent of total assets.

UCFC is the holding company for Home Savings and Loan Co. and Butler Wick Corp.

Farmers National
reports earnings

CANFIELD — Farmers National Banc Corp. earned $1.63 million in the third quarter, compared with $1.75 million in the same quarter last year. Per-share earnings were 13 cents in both quarters.

Nonperforming loans on Sept. 30 were $2.89 million, or 0.56 percent of total loans, compared with $1.85 million, or 0.36 percent of total loans, a year earlier.

From Vindicator staff reports