Camco Financial Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported earnings for the quarter ended September 30, 2009 of $355,000 or $0.05 per basic and diluted share compared to net income of $1.1 million or $0.15 per basic and diluted share during the third quarter of 2008. Book value per common share was $10.08 as of September 30, 2009 compared to book value per common share of $12.10 as of September 30, 2008. The company reported earnings before provision for income taxes of $102,000 on total interest income of $10,987,000 and net interest income of $6,179,000 compared to earnings before provision for income taxes of $1,294,000 on total interest income of $14,107,000 and net interest income of $6,666,000 for the same period of last year. The company reported return on average assets of 0.16% and return on average equity of 1.97% compared to return on average assets of 0.42% and return on average equity of 4.98% for the same period of last year. For the nine months, the company reported earnings before provision for income taxes of $722,000 and net income of $591,000 or $0.08 per basic and diluted share on total interest income of $34,108,000 and net interest income of $17,908,000 compared to earnings before provision for income taxes of $175,000 and net income of $439,000 or $0.06 per basic and diluted share on total interest income of $43,506,000 and net interest income of $19,612,000 for the same period of last year. The company reported return on average assets of 0.08% and return on average equity of 1.09% compared to return on average assets of 0.06% and return on average equity of 0.67% for the same period of last year. Net loans charged-off for the quarter totaled $3.4 million or 2.09% of average loans annualized.

Camco Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported pre tax earnings were $463,000 compared to $543,000 during second quarter 2008. Earnings net of tax were $2,000 compared to $373,000 or $0.05 basic and diluted per share during the second quarter 2008. Earnings were significantly affected by an accrual for industry-wide FDIC special assessment totaling $448,000 and increased federal income taxes of $433,000 related to the surrender of bank owned life insurance, both being nonrecurring in nature. Total interest income was $11.2 million against $14.3 million for the same quarter a year ago period. Net interest income was $5.8 million against $6.6 million for the same quarter a year ago period. Earnings before provision for income taxes were $463,000 against $543,000 for the same quarter a year ago period. Net interest income after provision for loan losses was $5.1 million against $5.6 million for the same quarter a year ago period. Return on average equity was 0.01% against 1.73% for the same quarter a year ago period. Return on average assets was 0.00% against 0.14% for the same quarter a year ago period. For the six-month period, the company reported net income was $237,000 or $0.03 basic and diluted per share compared to a net loss of $630,000 or $0.09 basic and diluted loss per share for the same period in 2008. Total interest income was $23.1 million against $29.4 million for the same period a year ago. Net interest income was $11.7 million against $12.9 million for the same period a year ago. Earnings before provision for income taxes were $620,000 against $1.12 million for the same period a year ago. Net interest income after provision for loan losses was $10.3 million against $9.8 million for the same period a year ago. Return on average equity was 0.66% against negative return on average equity of 1.44% for the same period a year ago. Return on average assets was 0.05% against negative return on average assets of 0.12% for the same period a year ago. Book value per share was $9.98 against $12.00 per share as at June 30, 2009.

Camco Financial Corp. announced unaudited consolidated financial results for the first quarter ended March 31, 2009. The company reported earnings of $0.235 million or $0.03 per share compared to a net loss of $15.8 million or $2.20 per share for the quarter ended December 31, 2008 and a net loss of $1.0 million or $0.14 per share during the first quarter of 2008. Total assets at March 31, 2009 were $966.9 million compared to $1.032 billion at March 31, 2008, representing a decrease of 6.3%. Net interest income was $5.85 million against $6.5 million in the same period of previous year. Earnings before provision for income taxes were $0.16 million against loss before provision for income taxes of $0.17 million in the same period of previous year.