Unassociated Document

We consent to the incorporation by reference in the Registration Statements on Form S-3 (File No. 333-156881) and on Form S-8 (File Nos. 333-156882 and 333-53600) of our report dated March 16, 2011, on our audits of the consolidated financial statements of MutualFirst Financial, Inc. as of December 31, 2010 and 2009, and for the years ended December 31, 2010, 2009 and 2008, which report is included in MutualFirst Financial, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2010.