Premier Financial (PFC) 8-K First Defiance Financial Corp. Revises 2014 Earnings Upward by $0.06 Per Diluted Share for Adjusted Tax Expense

	NEWS RELEASE
	Contact:	Donald P. Hileman
		President and CEO
		(419) 782-5104
		dhileman@first-fed.com

Exhibit 99.1

For Immediate Release

FIRST DEFIANCE FINANCIAL CORP. REVISES 2014 EARNINGS UPWARD BY $0.06 PER DILUTED SHARE FOR ADJUSTED TAX EXPENSE

DEFIANCE, OHIO (February 17, 2015)– First Defiance Financial Corp. (NASDAQ: FDEF)announced today an upward adjustment of $551,000, or $0.06 per diluted common share, to its previously reported fourth quarter and full year 2014 net income. The adjustment relates to First Defiance's provision for income taxes for the fourth quarter and has no effect on any other previously reported period. The adjustment to the provision for income taxes reflects the utilization of capital loss carryforwards greater than previously identified. As a result, the provision for income taxes for the quarter and full year ended December 31, 2014 was previously overstated by $551,000.

First Defiance's revised earnings of $6.4 million, or $0.65 per diluted common share, for the quarter ended December 31, 2014, compares to $5.1 million or $0.50 per diluted common share for the fourth quarter a year ago. For the year ended December 31, 2014, First Defiance's net income increased to $24.3 million, or $2.44 per diluted common share, compared to $22.2 million, or $2.19 per diluted common share, in 2013.

The attached financial statements and highlights reflect the adjustment to the provision for income taxes and related effects on net income, earnings per common share, liabilities, stockholders equity, common book value and tangible common book value per share, and financial ratios for return on average assets, return on average equity, shareholders’ equity/assets, common dividend payout ratio and effective tax rate.

First Defiance Financial Corp.

First Defiance Financial Corp., headquartered in Defiance, Ohio, is the holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal operates 33 full-service branches and 43 ATM locations in northwest Ohio, southeast Michigan and northeast Indiana and a loan production office in Columbus, Ohio. First Insurance Group is a full-service insurance agency with five offices throughout northwest Ohio.

For more information, visit the company’s Web site atwww.fdef.com.

Financial Statements and Highlights Follow-

1

Safe Harbor Statement

This news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 B of the Securities Act of 1934, as amended, which are intended to be safe harbors created thereby. Those statements may include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts and plans of First Defiance Financial Corp. and its management, and specifically include statements regarding: changes in economic conditions, the nature, extent and timing of governmental actions and reforms,future movements of interest rates, the production levels of mortgage loan generation, the ability to continue to grow loans and deposits, the ability to benefit from a changing interest rate environment, the ability to sustain credit quality ratios at current or improved levels, the ability to sell real estate owned properties, continued strength in the market area for First Federal Bank of the Midwest, and the ability of the Company to grow in existing and adjacent markets. These forward-looking statements involve numerous risks and uncertainties, including those inherent in general and local banking, insurance and mortgage conditions, competitive factors specific to markets in which the Company and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions or capital market conditions and other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission (SEC) filings, including the Company's Annual Report on Form 10-K for the year ended December 31, 2013. One or more of these factors have affected or could in the future affect the Company's business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurances that the forward-looking statements included in this news release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other persons, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this news release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.

2

Consolidated Balance Sheets (Unaudited)

First Defiance Financial Corp.

	December 31,			December 31,
(in thousands)	2014			2013
Assets
Cash and cash equivalents
Cash and amounts due from depository institutions	$	41,936		$	36,318
Interest-bearing deposits		71,000			143,000
		112,936			179,318
Securities
Available-for sale, carried at fair value		239,321			198,170
Held-to-maturity, carried at amortized cost		313			387
		239,634			198,557
Loans		1,646,786			1,580,448
Allowance for loan losses		(24,766	)		(24,950	)
Loans, net		1,622,020			1,555,498
Loans held for sale		4,535			9,120
Mortgage servicing rights		9,012			9,106
Accrued interest receivable		6,037			5,778
Federal Home Loan Bank stock		13,802			19,350
Bank Owned Life Insurance		47,013			42,715
Office properties and equipment		40,496			38,597
Real estate and other assets held for sale		6,181			5,859
Goodwill		61,525			61,525
Core deposit and other intangibles		2,395			3,497
Deferred taxes		-			565
Other assets		13,366			7,663
Total Assets	$	2,178,952		$	2,137,148
Liabilities and Stockholders’ Equity
Non-interest-bearing deposits	$	379,552		$	348,943
Interest-bearing deposits		1,381,261			1,386,849
Total deposits		1,760,813			1,735,792
Advances from Federal Home Loan Bank		21,544			22,520
Notes payable and other interest-bearing liabilities		54,759			51,919
Subordinated debentures		36,083			36,083
Advance payments by borrowers for tax and insurance		2,309			1,519
Deferred Taxes		1,176			-
Other liabilities		22,763			17,168
Total Liabilities		1,899,447			1,865,001
Stockholders’ Equity
Preferred stock		-			-
Common stock, net		127			127
Common stock warrant		878			878
Additional paid-in-capital		136,266			136,403
Accumulated other comprehensive income		4,114			545
Retained earnings		200,600			182,290
Treasury stock, at cost		(62,480	)		(48,096	)
Total stockholders’ equity		279,505			272,147
Total Liabilities and Stockholders’ Equity	$	2,178,952		$	2,137,148

3

Consolidated Statements of Income (Unaudited)

First Defiance Financial Corp.

	Three Months Ended					Twelve Months Ended
	December 31,					December 31,
(in thousands, except per share amounts)	2014		2013			2014			2013
Interest Income:
Loans	$	17,788	$	17,037		$	68,682		$	68,077
Investment securities		1,719		1,397			6,575			5,596
Interest-bearing deposits		66		108			349			282
FHLB stock dividends		140		195			642			826
Total interest income		19,713		18,737			76,248			74,781
Interest Expense:
Deposits		1,293		1,399			5,283			5,913
FHLB advances and other		131		136			528			434
Subordinated debentures		148		149			587			601
Notes Payable		40		44			161			222
Total interest expense		1,612		1,728			6,559			7,170
Net interest income		18,101		17,009			69,689			67,611
Provision for loan losses		162		475			1,117			1,824
Net interest income after provision for loan losses		17,939		16,534			68,572			65,787
Non-interest Income:
Service fees and other charges		2,766		2,506			10,258			10,045
Mortgage banking income		1,270		1,324			5,602			8,443
Gain on sale of non-mortgage loans		102		49			181			101
Gain on sale of securities		1		-			932			97
Impairment on securities		-		(337	)		-			(337	)
Insurance commissions		2,219		2,089			9,859			9,627
Trust income		345		274			1,240			969
Income from Bank Owned Life Insurance		218		211			1,802			883
Other non-interest income		421		415			1,767			950
Total Non-interest Income		7,342		6,531			31,641			30,778
Non-interest Expense:
Compensation and benefits		9,075		8,310			35,543			34,301
Occupancy		1,778		1,733			6,683			6,970
FDIC insurance premium		332		359			1,419			1,616
Financial institutions tax		239		486			1,762			2,323
Data processing		1,523		1,313			5,856			5,125
Amortization of intangibles		269		296			1,102			1,241
Other non-interest expense		3,753		3,490			14,393			13,476
Total Non-interest Expense		16,969		15,987			66,758			65,052
Income before income taxes		8,312		7,078			33,455			31,513
Income taxes		1,957		1,991			9,163			9,278
Net Income	$	6,355	$	5,087		$	24,292		$	22,235
Earnings per common share:
Basic	$	0.68	$	0.52		$	2.55		$	2.28
Diluted	$	0.65	$	0.50		$	2.44		$	2.19
Average Shares Outstanding:
Basic		9,316		9,766			9,511			9,764
Diluted		9,801		10,198			9,975	��		10,171

4

Financial Summary and Comparison (Unaudited)

First Defiance Financial Corp.

	Three Months Ended									Twelve Months Ended
	December 31,									December 31,
(dollars in thousands, except per share data)	2014			2013			% change			2014			2013			% change
Summary of Operations
Tax-equivalent interest income (1)	$	20,174		$	19,143			5.4	%	$	78,046		$	76,413			2.1	%
Interest expense		1,612			1,728			(6.7	)		6,559			7,170			(8.5	)
Tax-equivalent net interest income (1)		18,562			17,415			6.6			71,487			69,243			3.2
Provision for loan losses		162			475			(65.9	)		1,117			1,824			(38.8	)
Tax-equivalent NII after provision for loan loss (1)		18,400			16,940			8.6			70,370			67,419			4.4
Investment Securities gains		1			-			NM			932			97			NM
Non-interest income (excluding securities gains/losses)		7,341			6,810			7.8			30,709			30,810			(0.3	)
Non-interest expense		16,969			15,929			6.5			66,758			64,844			3.0
Income taxes		1,957			1,991			(1.7	)		9,163			9,278			(1.2	)
Net Income		6,355			5,087			24.9			24,292			22,235			9.3
Tax equivalent adjustment (1)		461			406			13.5			1,798			1,632			10.2
At Period End
Assets		2,178,952			2,137,148			2.0
Earning assets		1,975,757			1,950,475			1.3
Loans		1,646,786			1,580,448			4.2
Allowance for loan losses		24,766			24,950			(0.7	)
Deposits		1,760,813			1,735,792			1.4
Stockholders’ equity		279,505			272,147			2.7
Average Balances
Assets		2,184,792			2,124,109			2.9			2,162,468			2,052,250			5.4
Earning assets		1,964,074			1,915,508			2.5			1,947,078			1,845,462			5.5
Loans		1,615,657			1,543,057			4.7			1,574,753			1,528,176			3.0
Deposits and interest-bearing liabilities		1,879,918			1,833,291			2.5			1,862,834			1,766,579			5.4
Deposits		1,764,908			1,719,319			2.7			1,750,184			1,661,895			5.3
Stockholders’ equity		278,944			270,856			3.0			276,537			265,065			4.3
Stockholders’ equity / assets		12.77	%		12.75	%		0.1			12.79	%		12.92	%		(1.0	)
Per Common Share Data
Net Income
Basic	$	0.68		$	0.52			30.8		$	2.55		$	2.28			11.8
Diluted		0.65			0.50			30.0			2.44			2.19			11.4
Dividends		0.175			0.10			75.0			0.625			0.40			56.3
Market Value:
High	$	35.70		$	27.25			31.0		$	35.70		$	27.25			31.0
Low		26.95			23.31			15.6			24.24			23.31			4.0
Close		34.06			25.97			31.2			34.06			25.97			31.2
Common Book Value		30.17			27.91			8.1			30.17			27.91			8.1
Tangible Common Book Value		23.25			21.22			9.6			23.25			21.22			9.6
Shares outstanding, end of period (000)		9,235			9,720			(5.0	)		9,235			9,720			(5.0	)
Performance Ratios (annualized)
Tax-equivalent net interest margin (1)		3.76	%		3.61	%		4.2			3.68	%		3.76	%		(2.1	)
Return on average assets		1.15	%		0.95	%		21.5			1.12	%		1.08	%		3.7
Return on average equity		9.04	%		7.45	%		21.3			8.78	%		8.39	%		4.7
Efficiency ratio (2)		65.51	%		65.75	%		(0.4	)		65.32	%		64.81	%		0.8
Effective tax rate		23.54	%		28.13	%		(16.3	)		27.39	%		29.44	%		(7.0	)
Dividend payout ratio (basic)		25.74	%		19.23	%		33.8			24.51	%		17.54	%		39.7

(1) Interest income on tax-exempt securities and loans has been adjusted to a tax-equivalent basis using the statutory federal income tax rate of 35%

(2) Efficiency ratio = Non-interest expense divided by sum of tax-equivalent net interest income plus non-interest income, excluding securities gains or losses, net.

NM Percentage change not meaningful

5

Income from Mortgage Banking

Revenue from sales and servicing of mortgage loans consisted of the following:

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
(dollars in thousands)	2014			2013			2014			2013
Gain from sale of mortgage loans	$	734		$	756		$	3,335		$	5,716
Mortgage loan servicing revenue (expense):
Mortgage loan servicing revenue		900			918			3,552			3,564
Amortization of mortgage servicing rights		(375	)		(346	)		(1,401	)		(2,098	)
Mortgage servicing rights valuation adjustments		11			(4	)		116			1,261
		536			568			2,267			2,727
Total revenue from sale and servicing of mortgage loans	$	1,270		$	1,324		$	5,602		$	8,443

6

Yield Analysis

First Defiance Financial Corp.

	Three Months Ended December 31,
	(dollars in thousands)
	2014							2013
	Average				Yield			Average				Yield
	Balance		Interest(1)		Rate(2)			Balance		Interest(1)		Rate(2)
Interest-earning assets:
Loans receivable	$	1,615,657	$	17,833		4.38	%	$	1,543,057	$	17,055		4.39	%
Securities		238,553		2,135		3.65	%		187,230		1,785		3.82	%
Interest Bearing Deposits		96,062		66		0.27	%		165,871		108		0.26	%
FHLB stock		13,802		140		4.02	%		19,350		195		4.00	%
Total interest-earning assets		1,964,074		20,174		4.09	%		1,915,508		19,143		3.97	%
Non-interest-earning assets		220,718							208,601
Total assets	$	2,184,792						$	2,124,109
Deposits and Interest-bearing liabilities:
Interest bearing deposits	$	1,393,584	$	1,293		0.37	%	$	1,382,526	$	1,399		0.40	%
FHLB advances and other		21,628		131		2.40	%		22,604		136		2.39	%
Subordinated debentures		36,128		148		1.63	%		36,129		149		1.64	%
Notes payable		57,254		40		0.28	%		55,239		44		0.32	%
Total interest-bearing liabilities		1,508,594		1,612		0.42	%		1,496,498		1,728		0.46	%
Non-interest bearing deposits		371,324		-		-			336,793		-		-
Total including non-interest-bearing demand deposits		1,879,918		1,612		0.34	%		1,833,291		1,728		0.37	%
Other non-interest-bearing liabilities		25,930							19,962
Total liabilities		1,905,848							1,853,253
Stockholders' equity		278,944							270,856
Total liabilities and stockholders' equity	$	2,184,792						$	2,124,109
Net interest income; interest rate spread			$	18,562		3.67	%			$	17,415		3.51	%
Net interest margin (3)						3.76	%						3.61	%
Average interest-earning assets  to average interest bearing liabilities						130	%						128	%

	Twelve Months Ended December 31,
	2014							2013
	Average				Yield			Average				Yield
	Balance		Interest(1)		Rate			Balance		Interest(1)		Rate
Interest-earning assets:
Loans receivable	$	1,574,753	$	68,828		4.37	%	$	1,528,176	$	68,147		4.46	%
Securities		223,534		8,227		3.79	%		191,039		7,158		3.78	%
Interest Bearing Deposits		134,114		349		0.26	%		106,742		282		0.26	%
FHLB stock		14,677		642		4.37	%		19,505		826		4.23	%
Total interest-earning assets		1,947,078		78,046		4.01	%		1,845,462		76,413		4.14	%
Non-interest-earning assets		215,390							206,788
Total assets	$	2,162,468						$	2,052,250
Deposits and Interest-bearing liabilities:
Interest bearing deposits	$	1,399,507	$	5,283		0.38	%	$	1,353,304	$	5,913		0.44	%
FHLB advances and other		21,995		528		2.40	%		17,709		434		2.45	%
Subordinated debentures		36,131		587		1.62	%		36,133		601		1.66	%
Notes payable		54,524		161		0.30	%		50,842		222		0.44	%
Total interest-bearing liabilities		1,512,157		6,559		0.43	%		1,457,988		7,170		0.49	%
Non-interest bearing deposits		350,677		-		-			308,591		-		-
Total including non-interest-bearing demand deposits		1,862,834		6,559		0.35	%		1,766,579		7,170		0.41	%
Other non-interest-bearing liabilities		23,097							20,606
Total liabilities		1,885,931							1,787,185
Stockholders' equity		276,537							265,065
Total liabilities and stockholders' equity	$	2,162,468						$	2,052,250
Net interest income; interest rate spread			$	71,487		3.57	%			$	69,243		3.65	%
Net interest margin (3)						3.68	%						3.76	%
Average interest-earning assets  to average interest bearing liabilities						129	%						127	%

(1) Interest on certain tax exempt loans and securities is not taxable for Federal income tax purposes. In order to compare the tax-exempt yields on these assets to taxable yields, the interest earned on these assets is adjusted to a pre-tax equivalent amount based on the marginal corporate federal income tax rate of 35%.

(2) Annualized

(3) Net interest margin is net interest income divided by average interest-earning assets.

7

Selected Quarterly Information

First Defiance Financial Corp.

(dollars in thousands, except per share data)	4th Qtr 2014			3rd Qtr 2014			2nd Qtr 2014			1st Qtr 2014			4th Qtr 2013
Summary of Operations
Tax-equivalent interest income (1)	$	20,174		$	19,751		$	19,221		$	18,900		$	19,143
Interest expense		1,612			1,623			1,645			1,678			1,728
Tax-equivalent net interest income (1)		18,562			18,128			17,576			17,222			17,415
Provision for loan losses		162			406			446			103			475
Tax-equivalent NII after provision for loan losses (1)		18,400			17,722			17,130			17,119			16,940
Investment securities gains, net of impairment		1			460			471			-			(337	)
Non-interest income (excluding securities gains/losses)		7,341			8,896			7,146			7,326			6,869
Non-interest expense		16,969			16,771			16,357			16,661			15,987
Income taxes		1,957			2,773			2,254			2,179			1,991
Net income		6,355			7,069			5,689			5,179			5,087
Tax equivalent adjustment (1)		461			465			447			426			406
At Period End
Total assets	$	2,178,952		$	2,151,079		$	2,151,490		$	2,163,659		$	2,137,148
Earning assets		1,975,757			1,954,496			1,949,729			1,965,225			1,950,475
Loans		1,646,786			1,636,266			1,581,984			1,563,953			1,580,448
Allowance for loan losses		24,766			24,567			24,627			24,783			24,950
Deposits		1,760,813			1,730,645			1,741,812			1,760,617			1,735,792
Stockholders’ equity		279,505			278,233			276,449			274,877			272,147
Stockholders’ equity / assets		12.83	%		12.93	%		12.85	%		12.70	%		12.73	%
Goodwill		61,525			61,525			61,525			61,525			61,525
Average Balances
Total assets	$	2,184,792		$	2,153,226		$	2,165,486		$	2,146,369		$	2,124,109
Earning assets		1,964,074			1,934,651			1,952,440			1,937,145			1,915,508
Loans		1,615,657			1,586,652			1,551,799			1,544,902			1,543,057
Deposits and interest-bearing liabilities		1,879,918			1,853,271			1,865,824			1,852,322			1,833,291
Deposits		1,764,908			1,738,494			1,756,098			1,741,237			1,719,319
Stockholders’ equity		278,944			276,968			276,490			273,745			270,856
Stockholders’ equity / assets		12.77	%		12.86	%		12.77	%		12.75	%		12.75	%
Per Common Share Data
Net Income:
Basic	$	0.68		$	0.75		$	0.59		$	0.53		$	0.52
Diluted		0.65			0.71			0.57			0.51			0.50
Dividends		0.18			0.15			0.15			0.15			0.10
Market Value:
High	$	35.70		$	29.00		$	29.00		$	28.23		$	27.25
Low		26.95			26.99			26.50			24.24			23.31
Close		34.06			27.01			28.70			27.12			25.97
Common Book Value		30.17			29.60			28.96			28.38			27.91
Shares outstanding, end of period (in thousands)		9,235			9,371			9,515			9,653			9,720
Performance Ratios (annualized)
Tax-equivalent net interest margin (1)		3.76	%		3.73	%		3.62	%		3.61	%		3.61	%
Return on average assets		1.15	%		1.30	%		1.05	%		0.98	%		0.95	%
Return on average equity		9.04	%		10.13	%		8.25	%		7.67	%		7.45	%
Efficiency ratio (2)		65.51	%		62.06	%		66.16	%		67.87	%		65.75	%
Effective tax rate		23.54	%		28.18	%		28.38	%		29.61	%		28.13	%
Common dividend payout ratio (basic)		25.74	%		20.00	%		25.42	%		28.30	%		19.23	%

(1) Interest income on tax-exempt securities and loans has been adjusted to a tax-equivalent basis using the statutory federal income tax rate of 35%

(2) Efficiency ratio = Non-interest expense divided by sum of tax-equivalent net interest income plus non-interest income, excluding securities gains, net.

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Selected Quarterly Information

First Defiance Financial Corp.

(dollars in thousands, except per share data)	4th Qtr 2014			3rd Qtr 2014			2nd Qtr 2014			1st Qtr 2014			4th Qtr 2013
Loan Portfolio Composition
One to four family residential real estate	$	206,437		$	209,135		$	199,886		$	196,940		$	195,752
Construction		112,385			116,809			108,478			82,049			86,058
Commercial real estate		840,488			834,443			801,923			809,071			819,618
Commercial		399,730			392,465			390,055			380,144			388,236
Consumer finance		15,466			16,616			15,800			16,346			16,902
Home equity and improvement		111,813			111,151			108,460			106,632			106,930
Total loans		1,686,319			1,680,619			1,624,602			1,591,182			1,613,496
Less:
Loans in process		38,653			43,548			41,874			26,487			32,290
Deferred loan origination fees		880			805			744			742			758
Allowance for loan loss		24,766			24,567			24,627			24,783			24,950
Net Loans	$	1,622,020		$	1,611,699		$	1,557,357		$	1,539,170		$	1,555,498
Allowance for loan loss activity
Beginning allowance	$	24,567		$	24,627		$	24,783		$	24,950		$	25,964
Provision for loan losses		162			406			446			103			475
Credit loss charge-offs:
One to four family residential real estate		61			95			42			228			175
Commercial real estate		505			246			39			228			1,097
Commercial		212			1,272			973			525			670
Consumer finance		1			16			12			11			7
Home equity and improvement		87			42			80			184			144
Total charge-offs		866			1,671			1,146			1,176			2,093
Total recoveries		903			1,205			544			906			604
Net charge-offs (recoveries)		(37	)		466			602			270			1,489
Ending allowance	$	24,766		$	24,567		$	24,627		$	24,783		$	24,950
Credit Quality
Total non-performing loans (1)	$	24,130		$	22,525		$	24,863		$	26,774		$	27,847
Real estate owned (REO)		6,181			5,326			5,554			6,028			5,859
Total non-performing assets (2)	$	30,311		$	27,851		$	30,417		$	32,802		$	33,706
Net charge-offs (recoveries)		(37	)		466			602			270			1,489
Restructured loans, accruing (3)		24,686			26,579			26,975			26,654			27,630
Allowance for loan losses / loans		1.50	%		1.50	%		1.56	%		1.58	%		1.58	%
Allowance for loan losses / non-performing assets		81.71	%		88.21	%		80.96	%		75.55	%		74.02	%
Allowance for loan losses / non-performing loans		102.64	%		109.07	%		99.05	%		92.56	%		89.60	%
Non-performing assets / loans plus REO		1.83	%		1.70	%		1.92	%		2.09	%		2.12	%
Non-performing assets / total assets		1.39	%		1.29	%		1.41	%		1.52	%		1.58	%
Net charge-offs / average loans (annualized)		-0.01	%		0.12	%		0.16	%		0.07	%		0.39	%
Deposit Balances
Non-interest-bearing demand deposits	$	379,552		$	340,575		$	355,268		$	338,412		$	348,943
Interest-bearing demand deposits and money market		727,729			739,292			717,506			740,783			715,939
Savings deposits		203,673			197,464			200,626			199,361			185,121
Retail time deposits less than $100,000		286,904			289,326			299,288			309,758			313,335
Retail time deposits greater than $100,000		162,955			163,988			169,124			172,303			172,454
Total deposits	$	1,760,813		$	1,730,645		$	1,741,812		$	1,760,617		$	1,735,792

(1) Non-performing loans consist of non-accrual loans.

(2) Non-performing assets are non-performing loans plus real estate and other assets acquired by foreclosure or deed-in-lieu thereof.

(3) Accruing restructured loans are loans with known credit problems that are not contractually past due and therefore are not included in non-performing loans.

9

Loan Delinquency Information

First Defiance Financial Corp.

(dollars in thousands)	Total Balance		Current		30 to 89 days past due		Non Accrual Loans
December 31, 2014
One to four family residential real estate	$	206,437	$	201,931	$	1,174	$	3,332
Construction		112,385		112,385		-		-
Commercial real estate		840,488		824,770		544		15,174
Commercial		399,730		394,671		66		4,993
Consumer finance		15,466		15,330		124		12
Home equity and improvement		111,813		109,993		1,201		619
Total loans	$	1,686,319	$	1,659,080	$	3,109	$	24,130
September 30, 2014
One to four family residential real estate	$	209,135	$	205,428	$	654	$	3,053
Construction		116,809		116,809		-		-
Commercial real estate		834,443		820,502		68		13,873
Commercial		392,465		386,266		669		5,530
Consumer finance		16,616		16,524		92		-
Home equity and improvement		111,151		109,937		1,145		69
Total loans	$	1,680,619	$	1,655,466	$	2,628	$	22,525
December 31, 2013
One to four family residential real estate	$	195,752	$	190,854	$	1,625	$	3,273
Construction		86,058		86,058		-		-
Commercial real estate		819,618		803,218		566		15,834
Commercial		388,236		379,889		20		8,327
Consumer finance		16,902		16,771		131		-
Home equity and improvement		106,930		105,211		1,306		413
Total loans	$	1,613,496	$	1,582,001	$	3,648	$	27,847

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