-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NTUCH/F4v/hLQV3gDYPP8e/RYmFng1rSK2wo11Ge9jzZImh6FGuxi+f7X0Pky/at FQv/BfvGyLAUoQady4swng== 0000908834-03-000434.txt : 20031023 0000908834-03-000434.hdr.sgml : 20031023 20031023150724 ACCESSION NUMBER: 0000908834-03-000434 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031020 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOGANSPORT FINANCIAL CORP CENTRAL INDEX KEY: 0000939928 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 351945736 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25910 FILM NUMBER: 03953973 BUSINESS ADDRESS: STREET 1: 723 E BROADWAY STREET 2: PO BOX 569 CITY: LOGANSPORT STATE: IN ZIP: 46947 BUSINESS PHONE: 2197223855 MAIL ADDRESS: STREET 1: 723 EAST BROADWAY STREET 2: P O BOX 569 CITY: LOGANSPORT STATE: IN ZIP: 46947 8-K 1 log_8k10.txt FORM 8-K 10/22/03 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 8-K _______________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 20, 2003 LOGANSPORT FINANCIAL CORP. (Exact name of registrant as specified in its charter) INDIANA (State or other jurisdiction of incorporation) 0-25910 35-1945736 (Commission File Number) (IRS Employer Identification No.) 723 East Broadway P.O. Box 569 Logansport, Indiana 46947 (Address of principal executive offices)(Zip Code) Registrant's telephone number, including area code: (574) 722-3855 Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated October 20, 2003. Item 12. Results of Operations and Financial Condition. Logansport Financial Corp., an Indiana corporation ("Registrant"), issued a press release which was publicly disseminated on October 20, 2003 announcing its results of operations for the quarter ended September 30, 2003. A copy of the press release is furnished herewith as Exhibit 99.1. Pursuant to General Instruction B.6 of Form 8-K, this exhibit is not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, but is instead furnished as required by that instruction. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. /s/ Dottye Robeson ------------------------------------------- Dottye Robeson, Secretary/Treasurer Dated: October 23, 2003 EX-99.1 3 log_ex99.txt PRESS RELEASE EXHIBIT 99.1 Press Release For Immediate Release Contact: Dottye Robeson Chief Financial Officer Phone-574-722-3855 Fax-574-722-3857 Logansport Financial Corp. Reports Earnings for the Three and Nine Months Ended September 30, 2003 Logansport, Indiana (October 20, 2003) Logansport Financial Corp., (NASDAQ Small Cap Market, LOGN), parent company of Logansport Savings Bank, reported net earnings for the three and nine months ended September 30, 2003. Net earnings for the three months ended September 30, 2003 totaled $320,000, a decrease of $55,000, compared to the $375,000 in net earnings reported for the three months ended September 30, 2002. Diluted earnings per share for the three months ended September 30, 2003 amounted to $.36, compared to diluted earnings per share of $.39 in the quarter ending September 30, 2002. Net earnings for the nine months ended September 30, 2003 totaled $1,121,000, an increase of $55,000, or 5.2%, compared to the $1,066,000 reported for the nine months ended September 30, 2002. Diluted earnings per share for the nine months ended September 30, 2003 amounted to $1.27 compared to $1.08 for the nine months ended September 30, 2002, an increase of 17.6%. Our third quarter results reflected the overall industry trend toward compressed net interest margins, however, our share repurchase program more than provided an effective counter balance by increasing earnings per share 17.6% for the nine months ended September 30, 2003.
LOGANSPORT FINANCIAL CORP. SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands except for share data) 09/30/03 12/31/02 Total assets $ 151,752 $150,099 Loans receivable, net 106,720 110,386 Allowance for loan losses 1,672 1,458 Cash and cash equivalents 10,629 13,517 Securities available for sale 26,793 19,069 Federal Home Loan Bank stock 2,054 2,003 Equity Investment 968 1,026 Deposits 98,859 98,325 Borrowings 35,946 35,629 Shareholders' equity 16,088 15,373 Shares O/S end of period 877,444 848,958 Nonperforming loans 1,463 1,484 Real Estate Owned -- --
Quarter ended 9/30 Nine months ended 9/30 2003 2002 2003 2002 Interest income $2,148 $2,352 $6,515 $7,000 Interest expense 1,140 1,215 3,393 3,681 Net interest income 1,008 1,137 3,122 3,319 Provision for loan losses 90 90 270 270 Net interest income after provision 918 1,047 2,852 3,049 Gain(loss) on sale of investment (20) - 232 17 Gain on sale of loans 56 - 106 - Loss on equity investment (26) (21) (76) (77) Total other income 76 79 237 251 Total general, admin. & other expense 572 579 1,782 1,757 Earnings before income taxes 432 526 1,569 1,483 Income tax expense 112 151 448 417 Net earnings $320 $375 $1,121 $1,066 ---- ---- ------ ------ Basic earnings per share $.36 $.41 $ 1.30 $1.12 Diluted earnings per share $.36 $.39 $1.27 $1.08 Weighted average shares o/s 872,457 918,123 859,504 955,824
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