Logansport Financial Corp. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 31, 2018 at 10:42 pm IST
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Logansport Financial Corp. reported earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, interest income was $1,872,000 against $1,723,000 a year ago. Net interest income was $1,688,000 against $1,593,000 a year ago. Earnings before income taxes were $733,000 against $729,000 a year ago. Net earnings were $503,000 against $512,000 a year ago.
For the year, interest income was $7,021,000 against $6,963,000 a year ago. Net interest income was $6,345,000 against $6,446,000 a year ago. Earnings before income taxes were $2,807,000 against $2,931,000 a year ago. Net earnings were $1,990,000 against $2,051,000 a year ago. Earnings per share were $3.21 compared to $3.27 for December 31, 2016. Return on assets finished the year at 1.18% for 2017 compared to 1.21% for 2016.
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.
LOGANSPORT FINANCIAL CORP. 
