The Bank recorded a provision for loan losses of $255,000 for the fourth quarter of 2012, which resulted in an allowance for loan losses to total loans ratio of 1.34% at December 31, 2012, compared with 1.35% at September 30, 2012, and 1.30% at December 31, 2011. Non-performing loans declined for the fifth consecutive quarter to 2.43% of total net loans at December 31, 2012, compared with 2.77% at September 30, 2012, and 2.82% at December 30, 2011.Ameriana Bancorp is a bank holding company. Through its wholly owned subsidiary, Ameriana Bank, the Company offers an extensive line of banking services and provides a range of investments and securities products through banking centers in the central Indiana area. Ameriana Bank owns Ameriana Insurance Agency, a full-service insurance agency, and Ameriana Financial Services, which offers securities and insurance products through LPL Financial (Member FINRA/SIPC).
Ameriana Bancorp Reports 2012 Net Income Of $1.8 Million Or $0.62 Per Share
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