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Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2010

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^{Published in Business and Finance on Wednesday, July 28th 2010 at 9:55 GMT by Market Wire}  

LOGANSPORT, Ind.--([ BUSINESS WIRE ])--Logansport Financial Corp., (OTCBB: LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 30, 2010 of $312,000 or $.40 per diluted share, compared to earnings in 2009 of $311,000 or $.40 per diluted share. Year to date the company reported net earnings of $506,000 for 2010 compared to $611,000 for 2009. Diluted earnings per share for the six months ended June 30, 2010 were $.65 compared to $.78 for the six months ended June 30, 2009. Total assets at June 30, 2010 were $155.9 million compared to total assets at December 31, 2009 of $162.2 million. Total loans increased from $111.7 million at December 31, 2009 to $114.1 million at June 30, 2010.

The statements contained in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involves a number of risks and uncertainties. A number of factors could cause results to differ materially from the objectives and estimates expressed in such forward-looking statements. These factors include, but are not limited to, changes in the financial condition of issuers of the Companya™s investments and borrowers, changes in economic conditions in the Companya™s market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Companya™s market area, changes in the position of banking regulators on the adequacy of our allowance for loan losses, and competition, all or some of which could cause actual results to differ materially from historical earnings and those presently anticipated or projected. These factors should be considered in evaluation any forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.