First Bancorp of Indiana Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015
July 24, 2015 at 05:42 pm EDT
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First Bancorp of Indiana Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, the company reported interest income of $3,406,000 against $3,355,000 a year ago. Net interest income was $2,631,000 against $2,517,000 a year ago. Net interest income after provision was $2,631,000 against $2,472,000 a year ago. Income before income taxes and cumulative effect of a change in accounting principle was $512,000 against $438,000 a year ago. Net income was $436,000 against $387,000 a year ago.
For the year, the company reported interest income of $13,646,000 against $13,245,000 a year ago. Net interest income was $10,426,000 against $9,894,000 a year ago. Net interest income after provision was $10,351,000 against $9,654,000 a year ago. Income before income taxes and cumulative effect of a change in accounting principle was $1,699,000 against $1,548,000 a year ago. Net income was $1,517,000 against $1,419,000 a year ago.
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. 
