Logansport Financial Corp. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
July 18, 2018 at 08:26 pm IST
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Logansport Financial Corp. reported unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, interest income was $1,693,000 against $1,635,000 a year ago. Net interest income was $1,414,000 against $1,471,000 a year ago. Earnings before income taxes were $706,000 against $721,000 a year ago. Net earnings were $578,000 against $515,000 a year ago. Basic and diluted earnings per share were $0.93 against $0.83 a year ago.
For six months, interest income was $3,303,000 against $3,244,000 a year ago. Net interest income was $2,806,000 against $2,936,000 a year ago. Earnings before income taxes were $1,358,000 against $1,379,000 a year ago. Net earnings were $1,115,000 against $988,000 a year ago. Basic and diluted earnings per share were $1.80 against $1.59 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.
LOGANSPORT FINANCIAL CORP. 
