DCB Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported a loss of $718,000, or $0.19 per basic and diluted share was recognized, compared to a loss of $212,000, or $0.06 per basic and diluted share in the same period of 2008. Loss before income tax was $1.5 million compared to $1.9 million for the same period a year ago. Net interest income was $5.3 million compared to $5.5 million for the same period in 2008. An overall decline in loan balances, period to period, and the negative impact of large cash balances contributed to the reduced net interest income. Loan originations remained sluggish during the third quarter and the Bank continued to experience run off in the indirect auto, residential mortgage and investment property portfolios. Other loan portfolios remained stable or increased slightly. The Bank experienced good growth in several deposit products and were able to re-price those deposits, which helped reduce overall funding costs. The Bank still holds substantial cash like balances, which provide the necessary liquidity to the Bank's funding needs. The third quarter was negatively impacted by the need to increase reserves for loan losses due to the impact of the economic slowdown on some of business customers, the impairment write down of an investment security and skyrocketing FDIC insurance premiums. Return on average assets was negative at 0.40% compared to 0.12% for the same period a year ago. Return on average shareholders' equity was negative at 5.27% compared to 1.49% for the same period a year ago. For the nine months, the company reported a loss before income taxes was $3.8 million compared to income before income tax of $1.6 million for the same period a year ago. Net loss was $1.99 million or $0.54 per basic and diluted share compared to the net income of $2.3 million or $0.62 per basic and diluted share for the same period a year ago. Net interest income was $16.2 million against $16.7 million for the same period a year ago. Return on average assets was negative at 0.38% compared to the return on average assets of 0.43% for the same period a year ago. Return on average shareholders' equity was negative at 4.87% compared to return on average shareholders' equity of 5.37% for the same period a year ago. The Board of Directors declared a regular quarterly dividend of $0.02 per share, payable November 16, 2009 to shareholders of record as of October 30, 2009.

DCB Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $209,000 or $0.06 per basic and diluted share compared to net income of $1,224,000 or $0.33 per basic and diluted share for the same period a year ago. Total interest income was $8,334,000 compared to $9,787,000 a year ago. Net interest income was $5,579,000 compared to $5,661,000 for the same period a year ago. Net interest income after provision for loan losses was $3,872,000 compared to $5,061,000 a year ago. Loss before income taxes was $517,000 compared to income of $1,631,000 a year ago. Return on average assets was negative at 0.12% compared to return on average assets of 0.69% a year ago. Return on average shareholders equity was negative at 1.55% compared to return on average shareholders equity of 8.51% a year ago. For the six months period, the company reported net loss of $1,280,000 or $0.34 per basic and diluted share compared to net income of $2,522,000 or $0.68 per basic and diluted share for the same period a year ago. Total interest income was $16,816,000 compared to $19,927,000 a year ago. Net interest income was $10,856,000 compared to $11,131,000 for the same period a year ago. Net interest income after provision for loan losses was $5,714,000 compared to $9,931,000 a year ago. Loss before income taxes was $2,352,000 compared to income of $3,428,000 a year ago. Return on average assets was negative at 0.36% compared to return on average assets of 0.72% a year ago. Return on average shareholders equity was negative at 4.68% compared to return on average shareholders equity of 8.77% a year ago. Operating results were negatively impacted by increases in the provision for loan losses expense associated with commercial and commercial real estate loan portfolios. The company also announced two additions to the Board of Directors, Mark Shipps as a Class I director with a term ending in 2012, and Dr. Gerald Kremer as a Class III director with a term ending in 2011. The new directors are replacing directors that recently retired. Shipps is the Vice President of University Relations for Ohio Wesleyan University. Kremer is a family practice physician and pharmacist with the Smith Clinic of Delaware. Kremer has practiced medicine in Delaware since 1990. Additionally, Jerry will serve on the Audit and Compensation Committees. Terry Kramer will not stand for re-election May 2010 when his current term expires as he wants to reduce his business time commitments. The Board of Directors declared a regular quarterly dividend of $0.02 per share, payable August 17, 2009 to shareholders of record as of July 31, 2009.

DCB Financial Corp. announced earnings results for the first quarter ended March 31, 2009. For the quarter, the company announced a net loss of $1.07 million, or $0.29 loss per basic and diluted share, compared to earnings of $1.30 million, or $0.35 per basic and diluted share for the same period in 2008. Net income was negatively impacted by increases in provision expense associated with commercial and commercial real estate loan portfolios. Additionally, operating expenses increased due to increases in state franchise taxes and FDIC insurance costs. Net interest income was $5.3 million for the three months ended March 31, 2009 compared to $5.5 million for the same period in 2008. Total interest income was $8,482,000 for the three months ended March 31, 2009 compared to $10,140,000 for the same period in 2008. The board of directors approved a regular quarterly dividend of $0.02 per share payable May 15, 2009, to shareholders of record as of April 30, 2009. This is a reduction from the previous quarter's $0.08 per share dividend. The board of directors also announced on April 15, 2009, that Jerome J. Harmeyer is retiring as a director, having reached the Board retirement age limit.