Community Investors Bancorp, Inc. Reports Net Earnings for the Six and Three Months Ended December 31, 2004

Community Investors Bancorp, Inc. Reports Net Earnings for the
Six and Three Months Ended December 31, 2004 


BUCYRUS, Ohio, Feb. 14  /PRNewswire-FirstCall/ -- Community Investors Bancorp,
Inc. (NASDAQ:CIBI), parent company of First Federal Community Bank of Bucyrus,
reported net earnings of $435,000, or $.41 per basic share, for the six months
ended December 31, 2004, compared to the $419,000, or $.40 per basic share, of
net earnings recorded for the six month period ended December 31, 2003.  The
Company reported a $114,000, or 6.2%, increase in net interest income which was
partially offset by a $72,000 or 5.1% increase in general, administrative and
other expense, and a $10,000 increase in federal income tax expense.  The
increase in net interest income reflects an improved interest margin as well as
repositioning of interest-earning assets. The increase in general,
administrative and other expense reflects expenses incurred with the Company's
growth initiatives, including the growth of Internet banking and the operation
of two new branch office facilities.

Net earnings for the quarter ended December 31, 2004 totaled $221,000, or $.21
per basic share, an increase of $29,000, compared to net earnings of $182,000,
or $.17 per basic share, reported in the 2003 quarter.  The increase in
quarterly net earnings was due primarily to a $57,000 increase in net interest
income which was partially offset by a $12,000 increase in general,
administrative and other expense, in other income, coupled with an increase of
$21,000 in federal income tax expense.

Community Investors Bancorp, Inc. reported total assets at December 31, 2004,
of $118.6 million, total liabilities of $105.4 million, including total
deposits of $81.5 million and total stockholders' equity of $13.2 million.

First Federal Community Bank of Bucyrus has served the Bucyrus and Crawford
County area since 1888.  The Company currently has four office locations plus a
free-standing ATM facility in Crawford County.

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

                                                December 31,     June 30,
      ASSETS                                        2004           2004

  Cash and cash equivalents                         $4,414         $6,720
  Investment securities                             10,477         12,928
  Mortgage-backed securities                           873          1,133
  Loans receivable                                  97,876         95,862
  Other assets                                       4,982          5,211

      Total assets                                $118,622       $121,854

      LIABILITIES AND SHAREHOLDERS' EQUITY

  Deposits                                         $81,510        $87,203
  Advances from the Federal Home Loan Bank          23,238         21,062
  Other liabilities                                    629            357
      Total liabilities                            105,377        108,622

  Shareholders' equity                              13,245         13,232

      Total liabilities and shareholders' equity  $118,622       $121,854



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

                                   Six months ended     Three months ended
                                     December 31,          December 31,
                                    2004      2003        2004      2003

  Total interest income            $3,165    $3,207      $1,595    $1,588
  Total interest expense            1,199     1,355         599       649
      Net interest income           1,966     1,852         996       939
  Provision for losses on loans        79        59          41        37
      Net interest income after
       provision for losses on
       loans                        1,887     1,793         955       902
  Other income                        261       257         131       112
  General, administrative and
   other expense                    1,489     1,417         752       740
      Earnings before income taxes    659       633         334       274
  Federal income taxes                224       214         113        92

      NET EARNINGS                   $435      $419        $221      $182

      EARNINGS PER SHARE
        Basic                       $0.41     $0.40       $0.21     $0.17
        Diluted                     $0.40     $0.39       $0.20     $0.17


DATASOURCE: Community Investors Bancorp, Inc.



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

Bancorp, Inc., [phone]

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