First Bancorp of Indiana Inc. Reports Earnings Results for the Fourth Quarter and Year Ended June 30, 2016
July 29, 2016
Share
First Bancorp of Indiana Inc. reported earnings results for the fourth quarter and year ended June 30, 2016. For the quarter, the company recognized income of $441,000 compared to $436,000 in the year-ago quarter.
For the year, the company reported earnings of $1,936,000 for the fiscal year ended June 30, 2016, up 27.6% from the preceding fiscal year. Net interest income for the twelve months improved 5.3% to greater investment revenues and lower funding costs.
First Bancorp of Indiana, Inc. is a bank holding company. The Companyâs principal activity is the ownership and management of its wholly owned subsidiary, First Federal Savings Bank (the bank). The Bank provides a variety of banking services to individuals and business customers through nine full-service locations in southwestern Indiana and one loan production office in Henderson, Kentucky. The Bank operates some of its branches under Home Building Savings Bank, a division of the Bank. The Bankâs deposit products include certificates of deposit, checking accounts, health savings accounts, individual retirement account, money market accounts and savings accounts. Its loan products include consumer loans, mortgage loans and home equity loans, among others. The Bankâs e-banking services include First Direct Online Banking, First BillPay, Zelle, Mobile Banking, Digital Wallet, Mobile Check Deposit and eStatements. It is also engaged in treasury management and business lending services.
FIRST BANCORP OF INDIANA, INC. 
