MutualFirst Financial Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $12,893,000 against $12,847,000 for the same period in the last year. Net interest income was $10,639,000 against $10,204,000 for the same period in the last year. Income before taxes was $4,281,000 against $3,662,000 for the same period in the last year. Net income available to common shareholders was $3,604,000 against $2,293,000 for the same period in the last year. Return on average assets was 1.01% against 0.75% for the same period in the last year. Return on average tangible common equity was 12.30% against 8.48% for the same period in the last year. Diluted earnings per common share were $0.48 against $0.31 for the same period in the last year.

For the year, the company reported total interest income of $51,178,000 against $51,667,000 for the same period in the last year. Net interest income was $42,255,000 against $40,443,000 for the same period in the last year. Income before taxes was $14,401,000 against $13,008,000 for the same period in the last year. Net income available to common shareholders was $10,818,000 against $7,943,000 for the same period in the last year. Return on average assets was 0.77% against 0.66% for the same period in the last year. Return on average tangible common equity was 9.37% against 7.42% for the same period in the last year. Diluted earnings per common share were $1.46 against $1.09 for the same period in the last year. Tangible book value per share was $17.22 as at December 31, 2014 against $15.46 as at December 31, 2013.

The company reported net charge offs was $81,000 for the fourth quarter of 2014 against $92,000 for the same period in the last year.