Bank income falls

Bank income falls

cortland

Cortland Bancorp, the holding company of Cortland Banks, reported a drop in its third-quarter income Thursday.

The company said it earned $617,000, or 14 cents per share, during the third quarter. That’s down from $1.3 million, or 28 cents per share during the same period last year.

Profit through the first nine months of this year is down by $1.2 million, compared with the same time in 2012.

Mortgage-banking revenues declined significantly during the third quarter with fewer applications coming in.

Donation program

youngstown

Bob Evans restaurants once again are offering their Farmhouse Feast donation program.

From now through Dec. 25, customers are invited to make $1, $5 or $10 donations at the restaurant or online.

The proceeds will go toward providing families with a holiday meal.

For more information, visit www.bobevans.com/bekind.

Fewer Americans seek jobless aid

WASHINGTON

The number of Americans applying for unemployment benefits fell 10,000 last week to a seasonally adjusted 340,000, a sign that employers are laying off very few workers.

The Labor Department said Thursday that the four-week average rose 8,000 to 356,250, the highest since April. The 16-day partial government shutdown and backlogs in California due to computer upgrades inflated the average.

Still, a government spokesman said those unusual factors did not affect last week’s first-time applications, which appeared to be free of distortions for the first time in two months.

Vindicator staff/wire reports