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Indian Village Bancorp reports weak Q3 results

Indian Village Bancorp has reported a net loss of $148,000 for the three months ended September 30, 2007, a decrease of $164,000 compared to net income of $16,000 for the same period in 2006.

For the quarter basic and diluted loss per share was $0.35 as against basic and diluted earnings per share of $0.04 for the comparable period last year.

Net interest income after the provision for loan losses for the third quarter totaled $285,000 as compared to $486,000 for the same period in 2006, down by 41.4%. Total interest income was $1.4 million for the three months, a $233,000 decrease from the same three months period in 2006.