Community Investors Bancorp, Inc. Reports Net Earnings For The Three Months Ended September 30, 2003

Community Investors Bancorp, Inc. Reports Net Earnings For The Three Months
Ended September 30, 2003 


BUCYRUS, Ohio, Nov. 6  /PRNewswire-FirstCall/ -- Community Investors Bancorp,
Inc. , parent company of First Federal Community Bank of Bucyrus, reported net
earnings of $237,000, or $.23 per basic share, for the quarter ended September
30, 2003, representing a decrease of $57,000, or 19.4%, compared to the net
earnings of $294,000, or $.28 per basic share, reported in the 2002 quarter. 
The decrease in 2003 earnings was primarily attributable to a $80,000, or 13.4%,
increase in general, administrative and other expense, coupled with a $43,000,
or 4.5% decrease in net interest income, which were partially offset by a
$57,000, or 64.8% increase in other income.  The increase in general,
administrative and other expense primarily reflects an increase in health and
other benefit plan costs, and expenses incurred as the Company continues its
expansion, including the introduction of internet banking services and the
construction of two new branch office facilities.  These strategic initiatives
will allow the Company to expand its product offerings, provide better service
to its customers and provide for future growth.  The Company opened new full
service branch offices in June and October of 2003.

Community Investors Bancorp, Inc. reported total assets at September 30, 2003,
of $121.4 million, total liabilities of $108.4 million, including total deposits
of $86.7 million and total stockholders' equity of $13.0 million.

                    Community Investors Bancorp, Inc.
         CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                              (In thousands)

                                                September 30,    June 30,
             ASSETS                                 2003           2003

  Cash and cash equivalents                        $10,633        $14,375
  Investment securities                              9,224          7,249
  Mortgage-backed securities                         1,728          2,065
  Loans receivable                                  94,880         94,523
  Other assets                                       4,910          4,446

     Total assets                                 $121,375       $122,658

     LIABILITIES AND SHAREHOLDERS' EQUITY
  Deposits                                         $86,656        $88,065
  Advances from the Federal Home Loan Bank          21,130         21,244
  Other liabilities                                    635            505
     Total liabilities                             108,421        109,814

  Shareholders' equity                              12,954         12,844

     Total liabilities and shareholders' equity   $121,375       $122,658


                    Community Investors Bancorp, Inc.
              CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                    (In thousands, except share data)

                                                     Three months ended
                                                        September 30,
                                                     2003          2002

  Total interest income                             $1,619         $1,895

  Total interest expense                               706            939

    Net interest income                                913            956

  Provision for losses on loans                         22              2

    Net interest income after provision
     for losses on loans                               891            954

  Other income                                         145             88

  General, administrative and other expense            677            597

    Earnings before income taxes                       359            445

  Federal income taxes                                 122            151

    NET EARNINGS                                      $237           $294

    EARNINGS PER SHARE
     Basic                                           $ .23          $ .28

     Diluted                                         $ .22          $ .27


DATASOURCE: Community Investors Bancorp, Inc.



CONTACT:  Brian R. Buckley, Vice President of Community Investors

Bancorp, Inc., [phone]



Web site:  http://www.bucyrusfirstfederal.com/ 

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