Total interest expense for the year ended December 31, 2012 was $4.2 million, a decrease of $942,000 compared to the year ended December 31, 2011. Average interest-bearing liabilities were $244.8 million during 2012, compared to $245.9 million during 2011. The average cost of our interest-bearing liabilities was 1.71% for the twelve months ended December 31, 2012, compared to 2.09% for the twelve months ended December 31, 2011. The net interest rate spread between our interest-earning assets and interest-bearing liabilities was 2.85% for 2012, an increase of 16 basis points compared to 2011. Our net interest margin increased by seven basis points to 3.21% for the year ended December 31, 2012 compared to 3.14% for the year ended December 31, 2011.The Company recorded a provision for loan losses of $20,000 during the fourth quarter of 2012 compared to a $6,000 net recovery of its provision for loan losses during the fourth quarter of 2011. Our allowance for loan losses was $1.9 million at December 31, 2012, or 132.02% of our non-performing loans at such date.
Louisiana Bancorp, Inc. Announces Earnings For The Fourth Quarter And Year
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