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Logansport Financial Corp. Reports Earnings for the Three and Nine Months Ended September 30, 2010

^{Published on 2010-10-28 09:00:57 - Market Wire}
 

LOGANSPORT, Ind.--([ BUSINESS WIRE ])--Logansport Financial Corp., (OTCBB:LOGN), parent company of Logansport Savings Bank, reported net earnings for the three and nine months ended September 30, 2010.

Net earnings for the three months ended September 30, 2010 totaled $320,000, compared to the $305,000 in net earnings reported for the three months ended September 30, 2009. Diluted earnings per share for the three months ended September 30, 2010 amounted to $.40, compared to diluted earnings per share of $.39 in the quarter ending September 30, 2009.

Net earnings for the nine months ended September 30, 2010 totaled $826,000, compared to the $916,000 reported for the nine months ended September 30, 2009. Diluted earnings per share for the nine months ended September 30, 2010 amounted to $1.05 compared to $1.17 for the nine months ended September 30, 2009.

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.