FLORENCE, Ore. -- (Business Wire)

Siuslaw Financial Group (OTCQB:SFGP), parent company of Siuslaw Bank, today announced its earnings for the first quarter ending March 31, 2014 at $864,000 net after tax. This compares to $720,000 for the first quarter of 2013. Earnings per diluted common share totaled $0.21 for the quarter and represented a return of average shareholder equity of 9.23% and return on average assets of 0.98%.

The company reported $354.3 million in total assets, deposits of $304.9 million and net loans of $236.9 million on March 31, 2014 compared to $339.9 million, $293.1 million and $222.3 million respectively for the same period in 2013.

The company celebrated its 50^th anniversary on January 17, 2014.

The board of directors declared a quarterly dividend of $0.05 per share to common shareholders and $0.0525 per share to preferred shareholders. The dividend was payable to shareholders of record as of March 21, 2014 payable on or before March 27, 2014.

The Annual Meeting for Siuslaw Financial Group shareholders will be held at the Driftwood Shores Resort in Florence on April 26, 2014.

Headquartered in Florence, Siuslaw Financial Group is the parent company of Siuslaw Bank, with offices in Cottage Grove, Creswell, Eugene, Mapleton, Oakridge, Pleasant Hill, Springfield and Veneta, all in Lane County.

Contacts:

Siuslaw Financial Group, Inc.
Johan Mehlum, 541-342-4000
Chairman of the Board and Chief Executive
johan.mehlum@siuslawbank.com
or
Lonnie Iholts, 541-997-3486
Secretary
lonnie.iholts@siuslawbank.com

Source: Siuslaw Financial Group, Inc.