 WOOSTER, Ohio, Jan. 22, 2021 GLOBE NEWSWIRE -- Wayne Savings Bancshares, Inc. OTCQX: WAYN, the Company, the holding company parent of Wayne Savings Community Bank, reported net income unaudited of 1,773,000 or 0.71 per common share for the quarter ended December 31, 2020, an increase of 44,000 or 2.5, compared to 1,729,000 or 0.66 per common share for the quarter ended December 31, 2019. The increase in net income was due to an increase in net interest income, partially offset with an increase in provision for loan losses, an increase in total non-interest expense, and increased provision for federal income taxes. The return on average equity and return on average assets for the fourth quarter of 2020 was 13.69 and 1.25, respectively, compared to 14.26 and 1.40, respectively, for the same period in 2019. 