-----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, VXijBaSGDoMXbX0G2uOTG2OBDMQ2EAzgxmzWNreyAF3s2ZBVbaplD7WprkGkaJ71 KOkt+6eBEZ8/ShtU2g35tw== 0000908834-04-000289.txt : 20040423 0000908834-04-000289.hdr.sgml : 20040423 20040423115950 ACCESSION NUMBER: 0000908834-04-000289 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040422 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040423 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: 04749980 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 log8k_0423.txt FORM 8-K 04/23/04 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): April 22, 2004 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 April 22, 2004. Item 12. Results of Operations and Financial Condition. Logansport Financial Corp., an Indiana corporation ("Registrant"), issued a press release which was publicly disseminated on April 22, 2004 announcing its results of operations for the quarter ended March 31, 2004. 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: April 22, 2004 EX-99.1 3 ex991_0423.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 Months Ended March 31, 2004 Logansport, Indiana (April 22, 2004) Logansport Financial Corp., (NASDAQ Small Cap Market, LOGN), parent company of Logansport Savings Bank, reported net earnings for the three months ended March 31, 2004. Net earnings for the three months ended March 31, 2004 totaled $263,000, compared to $364,000 for the three months ended March 31, 2003, a $101,000 decrease. Diluted earnings per share were $.29 for the quarter ending March 31, 2004 and $.41 for the quarter ending March 31, 2003. The decrease in earnings per share resulted from decreased net interest income due to a declining net interest margin. Logansport Financial Corp reported total assets at March 31, 2004 of $153.9 million, total deposits of $98.4 million and stockholders' equity of $16.6 million. Total loans increased slightly from December 31, 2003, from $102.4 million to $103.1 million. The company has commitments outstanding to purchase $6.5 million of adjustable rate multi-family loans in April, 2004. The Annual Meeting of Shareholders of Logansport Financial Corp. was held on April 13, 2004. Brian Morrill and Susanne Ridlen were re-elected Directors. Also serving as Directors are Dr. Todd Weinstein, Charles Evans, William Tincher, Jr., James Bauer and David Wihebrink. LOGANSPORT FINANCIAL CORP. SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands,except for share data)
3/31/04 12/31/03 Total assets $ 153,868 $156,824 Loans receivable, net 103,079 102,353 Allowance for loan losses 1,772 1,751 Cash and cash equivalents 13,581 14,403 Securities, available for sale 29,739 32,549 Federal Home Loan Bank Stock 2,139 2,080 Equity Investment 938 950 Deposits 98,440 103,757 Borrowings 37,955 35,946 Shareholders' equity 16,634 16,356 Shares Outstanding 876,193 877,444 Nonperforming loans 1,324 1,515 Real Estate Owned 34 -
Quarter ended 3/31 Quarter ended 3/31 2004 2003 Interest income $2,022 $2,195 Interest expense 1,085 1,117 Net interest income 937 1,078 Provision for loan losses 60 90 Net interest income after provision 877 988 Gain on sale of investments 39 81 Gain on sale of loans 10 5 Total other income 97 79 Loss on equity investment (23) (24) Total general, admin. & other expense 656 620 Earnings before income taxes 344 509 Income tax expense 81 145 Net earnings 263 364 Basic earnings per share $.30 $.43 Diluted earnings per share $.29 $.41 Weighted average shares o/s 876,537 850,333
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