GNADENHUTTEN -- FNB, Inc., parent company of The First National Bank of Dennison and TuscValley Financial in New Philadelphia recently reported financial results for the year ending Dec. 31, 2013. Year end assets grew from $210,181 in 2012 to $211,727,000 in 2013. Earnings per share were $1.99 in 2013, down slightly from the $2.03 per share earned in 2012.

First National Bank of Dennison President Blair Hillyer commented, "We had a satisfactory year overall, but we were adversely impacted by less activity in the mortgage refinance arena. In fact, that line of business has all but disappeared and we are now relying on actual home sales for new mortgage business."

Hillyer said the area economy has improved, but the process has been slow. He especially noted a slow down over the last 90 days, mostly caused by a tough winter.

Hillyer said community banks continue to be challenged by low interest rates and the costs associated with the Dodd-Frank Bill. "I continue to say that this is the worst piece of legislation ever passed. Long term, it will adversely effect consumers and their communities."

President Hillyer said the Bank is proud to again have earned a 5-Star rating from BauerFinancial.

"This is the 21st straight year that we have been honored to receive this rating, a distinction shared by less than 10% of the banks in the United States. This special recognition is a tribute to our employees for their hard work and dedication," he said.

The First National Bank of Dennison is a locally-owned community bank with offices in Dennison, Dover, Gnadenhutten and two locations in New Philadelphia. The bank can also be found on the Internet at