Total deposits were $196.2 million at December 31, 2012 compared to $194.3 million at December 31, 2011. Non-interest bearing deposits increased during the twelve month period by $4.6 million, to $14.3 million, and interest-bearing deposits decreased by $2.7 million, to $181.9 million. Total Federal Home Loan Bank advances and other borrowings were $53.5 million at December 31, 2012, a decrease of $3.7 million from December 31, 2011.Total shareholders' equity was $56.7 million at December 31, 2012, a decrease of $814,000 from December 31, 2011. During the twelve months ended December 31, 2012, the Company acquired 319,868 shares of its common stock at a total cost of $5.2 million pursuant to its repurchase plans. Additionally, the Company reissued 80,149 shares of treasury stock with an average cost basis of $1.1 million, following the exercise of stock options by several directors and a former employee. The resulting net effect of these transactions on our treasury stock during the year ended December 31, 2012 was an increase of $4.1 million. The increase in our treasury stock during 2012 was partially offset by net income of $2.5 million, and the release of 44,984 shares held by the Company's Recognition and Retention Plan Trust, with a total cost basis of $567,000, which became vested and were released to plan participants during 2012. The Bank's tier 1 leverage ratio was 14.03% at December 31, 2012 compared to 15.00% at December 31, 2011. This decrease in the Bank's Tier 1 leverage ratio was primarily due to a $6.0 million dividend paid by the Bank to the Company during the fourth quarter of 2012. Tier 1 risk-based capital and total risk-based capital at the bank level were 25.39% and 26.50%, respectively, at December 31, 2012, and 29.32% and 30.38%, respectively, at December 31, 2011.
Louisiana Bancorp, Inc. Announces Earnings For The Fourth Quarter And Year
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