Ameriana Bancorp Reports 2012 Net Income Of $1.8 Million Or $0.62 Per Share

AMERIANA BANCORP Unaudited Financial Highlights (In thousands, except per share amounts)
		Three Months Ended December 31,								Year Ended December 31,
		2012				2011				2012				2011
Interest income		$	4,510			$	4,532			$	18,032			$	18,794
Interest expense			843				1,091				3,845				4,870
Net interest income			3,667				3,441				14,187				13,924
Provision for loan losses			255				515				1,145				1,385
Net interest income after provision for loan losses			3,412				2,926				13,042				12,539
Other income			1,224				1,682				5,181				5,628
Other expense			3,859				4,066				15,827				17,004
Income before income taxes			777				542				2,396				1,163
Income tax			200				89				556				21
Net income		$	577			$	453			$	1,840			$	1,142
Earnings per share:
Basic		$	0.19			$	0.15			$	0.62			$	0.38
Diluted		$	0.19			$	0.15			$	0.62			$	0.38
Weighted average shares outstanding:
Basic			2,989				2,989				2,989				2,989
Diluted			2,989				2,989				2,989				2,989
Dividends declared per share		$	0.01			$	0.01			$	0.04			$	0.04
Net interest margin (fully tax-equivalent basis)			3.81	%			3.75	%			3.71	%			3.73	%

AMERIANA BANCORP Unaudited Financial Highlights (Continued) (In thousands, except per share amounts)
		Dec. 31, 2012				Sept. 30, 2012				Dec. 31, 2011
Total assets		$	445,763			$	447,834			$	429,791
Cash and cash equivalents			20,853				24,722				9,709
Interest-bearing time deposits			5,704				--				--
Investment securities held to maturity			2,349				--				--
Investment securities available for sale			39,296				44,266				43,847
Loans receivable			317,444				313,164				316,641
Allowance for loan losses			4,239				4,236				4,132
Loans, net			313,205				308,928				312,509
Allowance for loan losses as a percentage of loans receivable			1.34	%			1.35	%			1.30	%
Non-performing loans		$	7,604			$	8,557			$	8,828
Allowance for loan losses as a percentage of non-performing loans			55.7	%			49.5	%			46.8	%
Deposits:
Non-interest-bearing		$	53,024			$	52,383			$	40,197
Interest-bearing			303,679				305,539				297,053
			356,703				357,922				337,250
Borrowed funds		$	45,810			$	45,810			$	49,810
Shareholders' equity			36,546				36,190				34,505
Book value per share			12.23				12.11				11.54
Regulatory capital ratios for Ameriana Bank:
Tier 1 leverage ratio			9.31	%			9.14	%			9.23	%
Tier 1 risk-based capital ratio			13.18	%			13.03	%			12.32	%
Total risk-based capital ratio			14.45	%			14.30	%			13.58	%

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