CINCINNATI, Oct. 19 /PRNewswire-FirstCall/ -- First Franklin Corporation , the parent of Franklin Savings and Loan Company, Cincinnati, Ohio today announced that net income was $104,000 ($0.06 per basic share) for the third quarter of 2007 and $367,000 ($.22 per basic share) for the nine months ended September 30, 2007. This compares to earnings of $69,000 ($0.04 per basic share) for the third quarter of 2006 and $824,000 ($0.49 per basic share) for the nine months ended September 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".
