CINCINNATI, July 20 /PRNewswire-FirstCall/ -- First Franklin Corporation , the parent of Franklin Savings and Loan Company, Cincinnati, Ohio today announced net income of $128,000 ($0.08 per basic share) for the second quarter of 2007 and $263,000 ($.16 per basic share) for the six months ended June 30, 2007. This compares to earnings of $566,000 ($0.34 per basic share) for the second quarter of 2006 and $755,000 ($0.45 per basic share) for the six months ended June 30, 2006.
During the second quarter of 2006, the Company sold approximately 50% of its Financial Institution Partners III, L.P. investment, for which it received $1.35 million and recorded an after-tax profit of approximately $380,000 ($0.23 per basic share).
Franklin Savings has eight locations in Greater Cincinnati. The Corporation's common stock is traded on the Nasdaq Global Market under the symbol "FFHS".
