Logansport Financial Corp. Reports Net Earnings for the Quarter Ended June 30, 2025

LOGANSPORT, Ind., July 24, 2025 (GLOBE NEWSWIRE) -- Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended June 30, 2025 of $413,000 or $0.67 per diluted share, compared to earnings in 2024 of $349,000 or $0.57 per diluted share. Year to date the company reported net earnings of $790,000 for 2025 compared to $617,000 for 2024. Diluted earnings per share for the six months ended June 30, 2025 were $1.45 compared to $1.01 for the six months ended June 30, 2024. Total assets at June 30, 2025 were $260.2 million compared to total assets at June 30, 2024 of $249.6 million. Total Deposits at June 30, 2025 were $223.8 million compared to total deposits of $211.7 million at June 30, 2024. The company paid a total of $0.90 per share in dividends in the first half of 2025 compared to $0.90 in 2024.

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 Company's investments and borrowers, changes in economic conditions in the Company's market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company'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 of 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.

Logansport Financial Corp.

 

Selected Financial Data

 

(Dollars in thousands except for share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/30/2025

6/30/2024

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

260,221

$

249,611

 

 

 

 

 

 

 

 

 

 

 

Loans receivable, net

 

 

173,350

 

170,147

 

 

 

 

Allowance for loan losses

 

 

1,872

 

2,885

 

 

 

 

Cash and cash equivalents

 

 

1,445

 

1,289

 

 

 

 

Interest Bearing Time Deposits in banks

 

 

11,581

 

5,914

 

 

 

 

Securities available for sale

 

 

52,550

 

56,270

 

 

 

 

Federal Home Loan Bank stock

 

 

3,150

 

3,150

 

 

 

 

Deposits

 

 

223,764

 

211,739

 

 

 

 

FHLB borrowings and note payable

 

 

15,000

 

15,000