Community Investors Bancorp Inc (CIBN) 8.4500 $CIBN
Community Investors Bancorp, Inc. Reports Net Income For The Nine Months and Three Months Ended March 31, 2014
PR Newswire - Fri May 02, 10:31AM CDT
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings available to common shareholders of $303,000, or $.38 per common share for the nine months ended March 31, 2014, representing an increase of $253,000, compared to the net earnings of $50,000, or $.06 per common share reported for the nine months ended March 31, 2013. The increase in 2014 earnings reflects an increase in net interest income of $116,000 (3.7%), a decrease in provision for loan losses of $269,000 and an increase in other income $48,000 (6.2%). In addition, preferred dividends were reduced by $84,000 to $-0- as a result of the redemption of our preferred shares completed in March 2013. This was partially offset by an increase in general, administrative and other expenses of $197,000 (6.3%). The increase in net interest income reflects stabilization of interest rate margins in a continuing low interest rate environment as well as increased loan demand. The reduction in provision for loan losses reflects a large write off from March 2013 which cleaned up a large troubled credit. Our classified assets remain elevated but decreasing. We continue to work to help our distressed loan customers who make good faith efforts at repayment while we recognize potential losses on a timely basis. Increases in other income are largely related to the expansion of our secondary mortgage loan market. Those new markets also increased our general, administrative and other expenses along with increased loan administration costs, regulatory compliance expense, and costs related to bank-owned properties. We continue to seek new opportunities and customers in all of our markets with a renewed emphasis on our newer locations. We expect continuing improvement in our classified asset, controlled growth in all of our markets and improved operational efficiency to achieve a higher level of profitability.
CIOMA-sponsored Bill to Reveal True Cost of Fuel at the Pump Moves Forward in Legislature
Business Wire - Thu May 01, 3:50PM CDT
Legislation sponsored by the California Independent Oil Marketers Association (CIOMA) that would disclose hidden costs of fuel at the pump cleared a significant hurdle in the State Legislature this week.
California Independent Grocers Association Merges into California Grocers Association
Business Wire - Tue Apr 29, 12:04PM CDT
In a strategic move that strengthens California's grocery industry, the California Independent Grocers Association (CIGA) has merged into the California Grocers Association (CGA) effective May 1, 2014.
Smart Grid Review - 01, 2014
M2 - Fri Feb 28, 2:58AM CST
Research and Markets (http://www.researchandmarkets.com/research/kwt6fq/smart_grid_review) has announced the addition of the "Smart Grid Review - 01, 2014" report to their offering. Smart Grid Review - January 2014 The authors announce the release of their monthly smart grid newsletter for January 2014 from the Smart Grid eTrack. The newsletter provides update on the global developments related to smart grid deployment across the globe during the month of December 2013. Scope - Market prospect for companies providing smart grid systems - Key product launch in power grids - Major news and deals in smart grid - Upcoming smart grid events Reasons to buy - Identify key growth and investment opportunities in smart grid sector - Gain insight on the industry's growth potential - Developing strategies for market penetration - Facilitate decision-making based on information on key developments in smart grids. Key Topics Covered: Table of Contents List of Tables Smart Grid Review - January 2014 Smart Grid Technology Focus of the Month: In-Home Displays Smart Grid Company Focus of the Month: ChargePoint Market Analysis of the Month: Remote Terminal Units in Smart Grid, 2013 Update - Market Analysis and Forecasts to 2020 Other GlobalData Smart Grid Market Analysis Reports Analysis Alert of the Month: Cyber Security in Smart Grid: An IT Solution for Energy Assurance and Grid Infrastructure Other Analysis Alerts on the Smart Grid from GlobalData Key Product Launch of the Month CWG's Smart Grid and Metering Solution for Reducing Power Theft in Nigeria Major Deals of the Month Pulse Completes Public Offering of Shares for $0.09m Noveda Raises $3.5m in Venture Financing UtiliData Raises $20m in Series B Venture Financing FirstFuel Raises $8.5m in Series B Venture Financing Contact Energy Plans Public Offering of Bonds for $184.2m Top Smart Grid News of the Month California Independent System Operator Develops Electric Vehicle-Grid Integration Roadmap NRG eVgo Provides Free Electric Car Charging Option at Los Angeles International Airport California Independent System Operator Launches Demand Response and Energy Efficiency Roadmap Kissimmee Utility Authority Commission $17.2m Electric Substation Upcoming Smart Grid Events for January 2014 Appendix For more information visit http://www.researchandmarkets.com/research/kw...rid_review About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Community Investors Bancorp, Inc. Reports Net Income For The Six Months and Three Months Ended December 31, 2013
PR Newswire - Mon Jan 27, 2:21PM CST
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings available to common shareholders of $230,000, or $.29 per common share for the six months ended December 31, 2013, representing an increase of $57,000, (32.9%), compared to the net earnings of $173,000, or $.22 per common share reported for the six months ended December 31, 2012. The increase in 2013 earnings reflects an increase in net interest income of $22,000 (1.1%) and a decrease in general, administrative and other expense of $88,000 (3.9%). In addition, preferred dividends were reduced by $69,000 to $-0- as a result of the redemption of our preferred shares completed in March 2013. This was partially offset by a decrease in other income of $117,000 (16.1%), and an increase in provision for losses on loans of $26,000 (14.2%). The increase in net interest income reflects some stabilization of interest rate margins in a historically low interest rate environment as well as the beginnings of increased new loan demand. The provision for loan losses reflects continuing cleanup of troubled credits. Our classified assets remain unacceptably high but decreasing. As we continue to work to help our distressed loan customers who make good faith efforts at repayment, we continue to evaluate our past due loans to recognize the losses on a timely basis. Loan administration costs, regulatory compliance expense, and costs related to bank-owned properties remain elevated. Other income decreases resulted from the expansion of our secondary mortgage loan market into northeast Ohio (Strongsville) and southwest Ohio (Grove City). We are seeking new opportunities and customers in all of our markets with a renewed marketing effort in our Marysville market. We have raised the expectations for ourselves and our associates to make the changes required to achieve a higher level of profitability, through controlled growth and additional operational efficiency.
MCW Energy Group Announces the Appointment of Sami Dabbas as Chief Operating Officer
Marketwire - Mon Jan 06, 6:13PM CST
MCW Energy Group Limited (TSX VENTURE: MCW) (MCW.V) ("MCW"
, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces the appointment of Sami Dabbas as Chief Operating Officer of MCW. Mr. Dabbas was formerly a senior executive at MCW's Fuels Division.
California ISO Rolls Out Roadmap to Drive Benefits of EVs
Business Wire - Fri Dec 27, 6:55PM CST
In another series of efforts to foster a new, sustainable energy future and further the state's leadership in reducing greenhouse gas emissions, the California Independent System Operator Corporation (ISO) released a blueprint for integrating electric vehicles (EVs) into the grid.
AMP Presents its Unique Mobile Natural Gas Transport Solutions to California Independent Producers
PR Newswire - Mon Dec 09, 8:00AM CST
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced that its newly-formed U.S. subsidiary, AMP - American Mobile Pipeline Inc. attended the CIPA conference in Bakersfield, CA in late November.
NV Energy And California ISO Joint Study Shows Potential Benefit For Both California And Nevada
PR Newswire - Thu Nov 07, 6:57PM CST
NV Energy, Inc. (NYSE: NVE) announced today that initial results from its joint study with California Independent System Operator Corporation (ISO) have indicated that participation by NV Energy in the Energy Imbalance Market (EIM) may benefit both California and Nevada customers.
Western Energy Imbalance Market Design Gets Approval From ISO Board
Business Wire - Thu Nov 07, 6:25PM CST
The design framework for a California Independent System Operator Corporation (ISO) energy imbalance market (EIM) received approval from the ISO Board of Governors today. The EIM will allow western grid operators, known as "balancing authorities", to voluntarily participate in a real-time energy market that enhances grid reliability and responsiveness, effectively integrates renewable power and saves wholesale energy costs.
Community Investors Bancorp, Inc. Reports Net Earnings For The Year and Three Months Ended June 30, 2013
PR Newswire - Thu Aug 15, 7:24AM CDT
Community Investors Bancorp, Inc., parent company of First Federal Community Bank of Bucyrus, reported net earnings of $80,000, or $.10 per basic share, for the year ended June 30, 2013, representing a decrease of $349,000, (81.4%), compared to the net earnings of $429,000, or $.49 per basic share, reported for the year ended June 30, 2012. The decrease in 2013 earnings reflects a decrease in net interest income of $268,000 (6.1%), an increase in provision for loan loss of $261,000 (48.6%) and an increase in general administrative and other expenses of $323,000 (7.4%). This was partially offset by an increase in other income of $236,000 (17.2%), as well as the decrease in preferred dividends of $58,000 as a result of the redemption of our preferred shares completed in March 2013. The decrease in net interest income reflects the difficulty of managing interest rate margins in a historically low interest rate environment as well as a lack of new loan demand. The provision for loan losses reflects a large write-off of a troubled credit which occurred in the quarter ended March 31, 2013. Though our classified assets remain at unacceptably high levels, we continue to work with our distressed loan customers. Loan administration costs, regulatory compliance expense, and costs related to bank-owned properties remain elevated. Professional expenses related to the redemption of our preferred stock as well as the termination of our ESOP plan also contributed to the increase in general, administrative and other expenses. Other income increases resulted from our gains on sales of mortgages into the secondary market. We have already started the process of remaking our Bank and our attitude as we celebrate our 125th anniversary. We have expanded our geographic reach into northeast Ohio with a new secondary mortgage loan production office. We have raised the expectations for ourselves and our associates to make the changes required to return to a high level of profitability, through controlled growth and additional operational efficiency.
Billboard star Eric 'EQ' Young lands distribution deal with City Hall Records
PR Newswire - Fri Jul 19, 8:06AM CDT
Singer, song writer and virtuoso bass player Eric 'EQ' Young couldn't' be happier with how the year is shaping up so far; his debut R&B smash single "Never Stop Loving" has stayed strong on the Billboard Top 25 Hot Singles Sales Chart for two consecutive weeks and as of this month Eric has closed a distribution deal with San Rafael, California Independent record distributer City Hall Records.
PG&E Encourages Customers To Conserve Electricity As California Grid Operator Declares New Flex Alert
PR Newswire - Mon Jul 01, 5:42PM CDT
Pacific Gas and Electric Company (PG&E) is urging customers to conserve electricity in response to a Flex Alert called for today and tomorrow, July 1-2, 2013, by the California Independent System Operator Corporation (ISO), which manages the state's power grid.
Download Free Grid App to Track Electricity Supply/Demand During Heat Waves
Business Wire - Fri Jun 28, 2:53PM CDT
Popular grid tracking web tools that show the status of current electricity supply and demand are available at the touch of a smart phone screen. The free app released by the California Independent System Operator Corporation (ISO) is available through iPhone and Android app stores.
Community Investors Bancorp, Inc. Reports Net Earnings For The Three Months Ended March 31, 2013, December 31, 2012 and The Nine Months Ended March 31, 2013
PR Newswire - Mon Jun 03, 3:12PM CDT
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings of $50,000, or $.06 per basic share, for the nine months ended March 31, 2013 representing a decrease of $260,000, compared to the net earnings of $310,000, or $.35 per basic share, reported for the nine months ended March 31, 2012. The decrease in 2013 earnings reflects a decrease in net interest income of $195,000 (5.9%), an increase in provision for loan loss of $214,000 (59.1%), as well as an increase in general, administrative and other expenses of $145,000 (4.4%). This was partially offset by a $125,000 (12.7%), increase in other income. The decrease in net interest income reflects the continuing struggle to manage interest rate margins in a historically low interest rate environment coupled with a lack of new loan demand. Other income increases resulted from our gains on sales of mortgages into the secondary market. The provision for loan losses reflects a large wr
Community Investors Bancorp, Inc. Reports Net Income For The Nine Months and Three Months Ended March 31, 2014
PR Newswire - Fri May 02, 10:31AM CDT
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings available to common shareholders of $303,000, or $.38 per common share for the nine months ended March 31, 2014, representing an increase of $253,000, compared to the net earnings of $50,000, or $.06 per common share reported for the nine months ended March 31, 2013. The increase in 2014 earnings reflects an increase in net interest income of $116,000 (3.7%), a decrease in provision for loan losses of $269,000 and an increase in other income $48,000 (6.2%). In addition, preferred dividends were reduced by $84,000 to $-0- as a result of the redemption of our preferred shares completed in March 2013. This was partially offset by an increase in general, administrative and other expenses of $197,000 (6.3%). The increase in net interest income reflects stabilization of interest rate margins in a continuing low interest rate environment as well as increased loan demand. The reduction in provision for loan losses reflects a large write off from March 2013 which cleaned up a large troubled credit. Our classified assets remain elevated but decreasing. We continue to work to help our distressed loan customers who make good faith efforts at repayment while we recognize potential losses on a timely basis. Increases in other income are largely related to the expansion of our secondary mortgage loan market. Those new markets also increased our general, administrative and other expenses along with increased loan administration costs, regulatory compliance expense, and costs related to bank-owned properties. We continue to seek new opportunities and customers in all of our markets with a renewed emphasis on our newer locations. We expect continuing improvement in our classified asset, controlled growth in all of our markets and improved operational efficiency to achieve a higher level of profitability.
CIOMA-sponsored Bill to Reveal True Cost of Fuel at the Pump Moves Forward in Legislature
Business Wire - Thu May 01, 3:50PM CDT
Legislation sponsored by the California Independent Oil Marketers Association (CIOMA) that would disclose hidden costs of fuel at the pump cleared a significant hurdle in the State Legislature this week.
California Independent Grocers Association Merges into California Grocers Association
Business Wire - Tue Apr 29, 12:04PM CDT
In a strategic move that strengthens California's grocery industry, the California Independent Grocers Association (CIGA) has merged into the California Grocers Association (CGA) effective May 1, 2014.
Smart Grid Review - 01, 2014
M2 - Fri Feb 28, 2:58AM CST
Research and Markets (http://www.researchandmarkets.com/research/kwt6fq/smart_grid_review) has announced the addition of the "Smart Grid Review - 01, 2014" report to their offering. Smart Grid Review - January 2014 The authors announce the release of their monthly smart grid newsletter for January 2014 from the Smart Grid eTrack. The newsletter provides update on the global developments related to smart grid deployment across the globe during the month of December 2013. Scope - Market prospect for companies providing smart grid systems - Key product launch in power grids - Major news and deals in smart grid - Upcoming smart grid events Reasons to buy - Identify key growth and investment opportunities in smart grid sector - Gain insight on the industry's growth potential - Developing strategies for market penetration - Facilitate decision-making based on information on key developments in smart grids. Key Topics Covered: Table of Contents List of Tables Smart Grid Review - January 2014 Smart Grid Technology Focus of the Month: In-Home Displays Smart Grid Company Focus of the Month: ChargePoint Market Analysis of the Month: Remote Terminal Units in Smart Grid, 2013 Update - Market Analysis and Forecasts to 2020 Other GlobalData Smart Grid Market Analysis Reports Analysis Alert of the Month: Cyber Security in Smart Grid: An IT Solution for Energy Assurance and Grid Infrastructure Other Analysis Alerts on the Smart Grid from GlobalData Key Product Launch of the Month CWG's Smart Grid and Metering Solution for Reducing Power Theft in Nigeria Major Deals of the Month Pulse Completes Public Offering of Shares for $0.09m Noveda Raises $3.5m in Venture Financing UtiliData Raises $20m in Series B Venture Financing FirstFuel Raises $8.5m in Series B Venture Financing Contact Energy Plans Public Offering of Bonds for $184.2m Top Smart Grid News of the Month California Independent System Operator Develops Electric Vehicle-Grid Integration Roadmap NRG eVgo Provides Free Electric Car Charging Option at Los Angeles International Airport California Independent System Operator Launches Demand Response and Energy Efficiency Roadmap Kissimmee Utility Authority Commission $17.2m Electric Substation Upcoming Smart Grid Events for January 2014 Appendix For more information visit http://www.researchandmarkets.com/research/kw...rid_review About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Community Investors Bancorp, Inc. Reports Net Income For The Six Months and Three Months Ended December 31, 2013
PR Newswire - Mon Jan 27, 2:21PM CST
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings available to common shareholders of $230,000, or $.29 per common share for the six months ended December 31, 2013, representing an increase of $57,000, (32.9%), compared to the net earnings of $173,000, or $.22 per common share reported for the six months ended December 31, 2012. The increase in 2013 earnings reflects an increase in net interest income of $22,000 (1.1%) and a decrease in general, administrative and other expense of $88,000 (3.9%). In addition, preferred dividends were reduced by $69,000 to $-0- as a result of the redemption of our preferred shares completed in March 2013. This was partially offset by a decrease in other income of $117,000 (16.1%), and an increase in provision for losses on loans of $26,000 (14.2%). The increase in net interest income reflects some stabilization of interest rate margins in a historically low interest rate environment as well as the beginnings of increased new loan demand. The provision for loan losses reflects continuing cleanup of troubled credits. Our classified assets remain unacceptably high but decreasing. As we continue to work to help our distressed loan customers who make good faith efforts at repayment, we continue to evaluate our past due loans to recognize the losses on a timely basis. Loan administration costs, regulatory compliance expense, and costs related to bank-owned properties remain elevated. Other income decreases resulted from the expansion of our secondary mortgage loan market into northeast Ohio (Strongsville) and southwest Ohio (Grove City). We are seeking new opportunities and customers in all of our markets with a renewed marketing effort in our Marysville market. We have raised the expectations for ourselves and our associates to make the changes required to achieve a higher level of profitability, through controlled growth and additional operational efficiency.
MCW Energy Group Announces the Appointment of Sami Dabbas as Chief Operating Officer
Marketwire - Mon Jan 06, 6:13PM CST
MCW Energy Group Limited (TSX VENTURE: MCW) (MCW.V) ("MCW"
, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces the appointment of Sami Dabbas as Chief Operating Officer of MCW. Mr. Dabbas was formerly a senior executive at MCW's Fuels Division. California ISO Rolls Out Roadmap to Drive Benefits of EVs
Business Wire - Fri Dec 27, 6:55PM CST
In another series of efforts to foster a new, sustainable energy future and further the state's leadership in reducing greenhouse gas emissions, the California Independent System Operator Corporation (ISO) released a blueprint for integrating electric vehicles (EVs) into the grid.
AMP Presents its Unique Mobile Natural Gas Transport Solutions to California Independent Producers
PR Newswire - Mon Dec 09, 8:00AM CST
Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced that its newly-formed U.S. subsidiary, AMP - American Mobile Pipeline Inc. attended the CIPA conference in Bakersfield, CA in late November.
NV Energy And California ISO Joint Study Shows Potential Benefit For Both California And Nevada
PR Newswire - Thu Nov 07, 6:57PM CST
NV Energy, Inc. (NYSE: NVE) announced today that initial results from its joint study with California Independent System Operator Corporation (ISO) have indicated that participation by NV Energy in the Energy Imbalance Market (EIM) may benefit both California and Nevada customers.
Western Energy Imbalance Market Design Gets Approval From ISO Board
Business Wire - Thu Nov 07, 6:25PM CST
The design framework for a California Independent System Operator Corporation (ISO) energy imbalance market (EIM) received approval from the ISO Board of Governors today. The EIM will allow western grid operators, known as "balancing authorities", to voluntarily participate in a real-time energy market that enhances grid reliability and responsiveness, effectively integrates renewable power and saves wholesale energy costs.
Community Investors Bancorp, Inc. Reports Net Earnings For The Year and Three Months Ended June 30, 2013
PR Newswire - Thu Aug 15, 7:24AM CDT
Community Investors Bancorp, Inc., parent company of First Federal Community Bank of Bucyrus, reported net earnings of $80,000, or $.10 per basic share, for the year ended June 30, 2013, representing a decrease of $349,000, (81.4%), compared to the net earnings of $429,000, or $.49 per basic share, reported for the year ended June 30, 2012. The decrease in 2013 earnings reflects a decrease in net interest income of $268,000 (6.1%), an increase in provision for loan loss of $261,000 (48.6%) and an increase in general administrative and other expenses of $323,000 (7.4%). This was partially offset by an increase in other income of $236,000 (17.2%), as well as the decrease in preferred dividends of $58,000 as a result of the redemption of our preferred shares completed in March 2013. The decrease in net interest income reflects the difficulty of managing interest rate margins in a historically low interest rate environment as well as a lack of new loan demand. The provision for loan losses reflects a large write-off of a troubled credit which occurred in the quarter ended March 31, 2013. Though our classified assets remain at unacceptably high levels, we continue to work with our distressed loan customers. Loan administration costs, regulatory compliance expense, and costs related to bank-owned properties remain elevated. Professional expenses related to the redemption of our preferred stock as well as the termination of our ESOP plan also contributed to the increase in general, administrative and other expenses. Other income increases resulted from our gains on sales of mortgages into the secondary market. We have already started the process of remaking our Bank and our attitude as we celebrate our 125th anniversary. We have expanded our geographic reach into northeast Ohio with a new secondary mortgage loan production office. We have raised the expectations for ourselves and our associates to make the changes required to return to a high level of profitability, through controlled growth and additional operational efficiency.
Billboard star Eric 'EQ' Young lands distribution deal with City Hall Records
PR Newswire - Fri Jul 19, 8:06AM CDT
Singer, song writer and virtuoso bass player Eric 'EQ' Young couldn't' be happier with how the year is shaping up so far; his debut R&B smash single "Never Stop Loving" has stayed strong on the Billboard Top 25 Hot Singles Sales Chart for two consecutive weeks and as of this month Eric has closed a distribution deal with San Rafael, California Independent record distributer City Hall Records.
PG&E Encourages Customers To Conserve Electricity As California Grid Operator Declares New Flex Alert
PR Newswire - Mon Jul 01, 5:42PM CDT
Pacific Gas and Electric Company (PG&E) is urging customers to conserve electricity in response to a Flex Alert called for today and tomorrow, July 1-2, 2013, by the California Independent System Operator Corporation (ISO), which manages the state's power grid.
Download Free Grid App to Track Electricity Supply/Demand During Heat Waves
Business Wire - Fri Jun 28, 2:53PM CDT
Popular grid tracking web tools that show the status of current electricity supply and demand are available at the touch of a smart phone screen. The free app released by the California Independent System Operator Corporation (ISO) is available through iPhone and Android app stores.
Community Investors Bancorp, Inc. Reports Net Earnings For The Three Months Ended March 31, 2013, December 31, 2012 and The Nine Months Ended March 31, 2013
PR Newswire - Mon Jun 03, 3:12PM CDT
Community Investors Bancorp, Inc. (Pink Sheets: CIBN), parent company of First Federal Community Bank of Bucyrus, reported net earnings of $50,000, or $.06 per basic share, for the nine months ended March 31, 2013 representing a decrease of $260,000, compared to the net earnings of $310,000, or $.35 per basic share, reported for the nine months ended March 31, 2012. The decrease in 2013 earnings reflects a decrease in net interest income of $195,000 (5.9%), an increase in provision for loan loss of $214,000 (59.1%), as well as an increase in general, administrative and other expenses of $145,000 (4.4%). This was partially offset by a $125,000 (12.7%), increase in other income. The decrease in net interest income reflects the continuing struggle to manage interest rate margins in a historically low interest rate environment coupled with a lack of new loan demand. Other income increases resulted from our gains on sales of mortgages into the secondary market. The provision for loan losses reflects a large wr
