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Siuslaw Financial Group declares dividend.

Global Banking News-26 April 2010-Siuslaw Financial Group declares dividend(C)2010 ENPublishing -

Global Banking News - 26 April 2010(c)2005 - Electronic News Publishing -

Siuslaw Financial Group (OTCBB: SFGP) has announced that its board of directors has declared a cash dividend of USD0.10 per share to common shareholders and USD0.105 per share to preferred shareholders of record as of May 4, 2010.

The dividend will be payable on or before May 11, 2010.

The company has also announced that its earnings for the first quarter ending March 31, 2010 at USD688,000 net after tax and an USD450,000 provision for future loan losses. The earnings compared to a net of USD1,035 700 reported for the first quarter of 2009 which included a USD250,000 provision for loan losses. Earnings per diluted common share totalled USD0.17 for the quarter and represented a return of average shareholder equity of 9.17 percent.

The company has reported USD283.9m in total assets, deposits of USD241m and net loans of USD216.8m on March 31, 2010 compared to USD283.2m, USD234.1 and USD223.1m respectively for the same period in 2009.

Headquartered in Florence, Siuslaw Financial Group is the parent company of Siuslaw Bank, with offices in Cottage Grove, Creswell, Eugene, Mapleton, Oakridge, Pleasant Hill, Springfield and Veneta, all in Lane County.

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Publication:Global Banking News (GBN)
Date:Apr 26, 2010
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