Ameriana's expansion of its banking network in late 2008 and mid-2009, with the addition of new banking centers in Carmel, Fishers and Westfield, continues to contribute to the growth of the Company in terms of loans, deposits and visibility for the Ameriana brand. "Our banking centers in these areas reflect a way of community banking for our customers that is uniquely Ameriana," Gassen added. "These communities are fast-growing and demonstrate other strong demographics that make them attractive markets for an expanded slate of financial products, like investment and brokerage services, mortgage lending, insurance products and other retail consumer services, which extends well beyond the conventional appeal of basic banking services. We continue to be pleased by the positive response we have received from customers regarding the new style of Ameriana community banking in these new markets and across our network of banking centers."Ameriana Bancorp's net interest income increased 11% for the second quarter of 2010 compared with the year-earlier period, and was up 9% for the first half of 2010 compared with the same period of 2009. These improvements were achieved with a lower volume of interest-earning assets resulting from a balance sheet restructuring in the last half of 2009, which increased the Bank's regulatory capital ratios and led to an increasing net interest margin. For the second quarter of 2010, Ameriana's net interest margin on a fully tax-equivalent basis increased to 3.61% or 11 basis points more than the first quarter of 2010 and 75 basis points higher than the second quarter of 2009, continuing a positive trend that began in the third quarter of 2009.
Ameriana Bancorp Reports Second Quarter Net Income Of $229,000 Or $0.08 Per Share
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