Logansport Financial Corp. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 24, 2018 at 07:28 pm IST
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Logansport Financial Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2018. The company reported net earnings for the quarter ended September 30, 2018 of $556,000 or $0.90 per diluted share, compared to earnings in 2017 of $499,000 or $0.81 per diluted share. Interest income was $1,765,000 compared to $1,621,000 a year ago. Net interest income was $1,462,000 compared to $1,437,000 a year ago. Earnings before income taxes was $676,000 compared to $695,000 a year ago.
Year to date the company reported net earnings of $1,671,000 for 2018 compared to $1,487,000 for 2017. Diluted earnings per share for the nine months ended September 30, 2018 were $2.69 compared to $2.40 for the nine months ended September 30, 2017. Interest income was $5,068,000 compared to $4,864,000 a year ago. Net interest income was $4,268,000 compared to $4,373,000 a year ago. Earnings before income taxes was $2,034,000 compared to $2,074,000 a year ago.
Logansport Financial Corp. is the holding company for Loganport Savings Bank (Bank). The Bank is engaged in providing a full range of banking and financial services to individual and corporate customers in Cass County, Indiana, and surrounding counties. The Bankâs primary deposit products are checking, savings and term certificate accounts and its primary lending products are residential mortgage, commercial and installment loans. The Bank's personal banking includes Zelle, Internet and mobile banking, checking services, savings, and certificates of deposits (CD) services, savings and CD rates, savings calculator, health savings accounts, reorder checks, college savings plan, and Federal Deposit Insurance Corporation (FDIC) insurance. Its personal lending includes home loans, community reinvestment, vehicle/personal loan, mortgage center and free credit report. Its business banking includes business Internet banking, business checking, business lending and agricultural lending.