Logansport Financial Corp. Reports Earnings for the Three and Nine Months Ended September 30, 2011

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LOGANSPORT, Ind.--(BUSINESS WIRE)-- Logansport Financial Corp., (OTCBB: LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended September 30, 2011 of $411,000 or $.52 per diluted share, compared to earnings in 2010 of $320,000 or $.40 per diluted share. Year to date the company reported net earnings of $1,117,000 for 2011 compared to $826,000 for 2010. Diluted earnings per share for the nine months ended September 30, 2011 were $1.42 compared to $1.05 for the nine months ended September 30, 2010. Total assets at September 30, 2011 were $172.3 million compared to total assets at December 31, 2010 of $151.4 million. Total loans decreased from $113.7 million at December 31, 2010 to $110.5 million at September 30, 2011.

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 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 (Unaudited)
(Dollars in thousands except for share data)

		09/30/11		12/31/10

Total assets	$	172,276	$	151,396

Loans receivable, net		110,468		113,749
Allowance for loan losses		1,812		1,699
Cash and cash equivalents		9,999		4,390
Securities available for sale		44,020		25,833
Federal Home Loan Bank stock		1,640		1,895
Equity Investment		370		357
Deposits		134,560		111,357
FHLB borrowings and note payable		16,203		19,644
Shareholders’ equity		20,496		19,300
Shares O/S end of period		785,817		785,817
Non-accrual loans		1,458		1,656
Real Estate Owned		309		270

	Quarter ended 9/30						Nine months ended 9/30
		2011			2010			2011			2010

Interest income	$	1,891		$	1,963		$	5,714		$	5,901
Interest expense		459			719			1,437			2,368
Net interest income		1,432			1,244			4,277			3,533
Provision for loan losses		120			180			480			540
Net interest income after provision		1,312			1,064			3,797			2,993
Gain on sale of investment/assets	0			0			0			0
Gain on sale of loans		66			75			102			106
Loss on equity investment		(4	)		(32	)		14			(28	)
Loss on sale of REO	0				(2	)		(1	)		(20	)
Total other income		165			107			417			346
Total general, admin & other expense		921			793			2,654			2,346
Earnings before income taxes		618			419			1,675			1,051
Income tax expense		207			99			558			225
Net earnings	$	411		$	320		$	1,117		$	826
Basic earnings per share	$	.52		$	.40		$	1.42		$	1.05
Diluted earnings per share	$	.52		$	.40		$	1.42		$	1.05
Outstanding Shares		785,817			785,817			785,817			785,817