BRANCH CLOSURES

3 Months Ended

Mar. 31, 2017

BRANCH CLOSURES

BRANCH CLOSURES

NOTE 13 – BRANCH CLOSURES

In the fourth quarter of 2016, the Company announced that it would be closing the following branches in the first quarter of 2017:  Bloomfield and Jasonville, Indiana and Piqua, Ohio.  As of December 31, 2016, the three branches had approximately $53 million in total deposits.  These branches were closed March 1, 2017.  There was no material impact to the first quarter 2017 earnings, as all costs connected with these closures were accrued in the fourth quarter of 2016 when the Company made the announcement.