Minden Bancorp, Inc. Reports Results Of Operations For The Year And 4th Quarter Ended December 31, 2012
Minden Bancorp, Inc., headquartered in Minden, Louisiana, is the holding company for MBL Bank. The Bank is a 102 year old Louisiana-thrift chartered FDIC-insured institution serving Minden and the surrounding areas of northwest Louisiana from two banking offices. The Bank offers a wide variety of financial services and products throughout its market area.
The Company's filings with the Securities and Exchange Commission are available at the Securities and Exchange Commission's website at http://www.sec.gov . The press release can be found on Minden Bancorp's website at http://www.mblminden.com/ .
The Minden Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8545
This news release may contain forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of l995. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Such forward-looking statements, by their nature, are subject to risk and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Such factors include, but are not limited to, changes to interest rates which could affect the net interest margin and net interest income, the possibility that increased demand or prices for the Company's financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements.
| MINDEN BANCORP, INC. | ||
| UNAUDITED SELECTED CONSOLIDATED FINANCIAL CONDITION DATA | ||
| (In thousands) | ||
| December 31, | December 31, | |
| 2012 | 2011 | |
| Total assets | $ 276,491 | $ 264,598 |
| Cash and cash equivalents | 34,290 | 52,407 |
| Investment securities | 88,188 | 72,955 |
| Loans receivable – net | 146,481 | 131,454 |
| Deposits | 233,963 | 223,713 |
| Total stockholders' equity | 40,325 | 39,030 |
| MINDEN BANCORP, INC. | ||||
| UNAUDITED SELECTED CONSOLIDATED OPERATING DATA | ||||
| (In thousands, except for per share data) | ||||
| Three Months Ended | Year Ended | |||
| December 31, | December 31, | |||
| 2012 | 2011 | 2012 | 2011 | |
| Interest income, including fees | $ 2,430 | $ 2,305 | $ 9,635 | $ 9,197 |
| Interest expense | 303 | 347 | 1,282 | 1,509 |
| Net interest income | 2,127 | 1,958 | 8,353 | 7,688 |
| Provision for loan losses | 30 | 280 | 120 | 370 |
| Net interest income after | ||||
| provision for loan loss | 2,097 | 1,678 | 8,233 | 7,318 |
| Total non-interest income | 162 | 300 | 719 | 1,180 |
| Total non-interest expenses | 1,086 | 1,167 | 4,399 | 4,529 |
| Income before income taxes | 1,173 | 811 | 4,553 | 3,969 |
| Income tax expense | 381 | 276 | 1,518 | 1,350 |
| NET INCOME | $ 792 | $ 535 | $ 3,035 | $ 2,619 |
| EARNINGS PER SHARE | ||||
| Basic | $ 0.35 | $ 0.23 | $ 1.32 | $ 1.13 |
| Diluted | $ 0.32 | $ 0.22 | $ 1.23 | $ 1.05 |
CONTACT: Jack E. Byrd, Jr., Chairman/President/CEO
318-371-4156
E-mail: jack@mblminden.com
or
Becky T. Harrell, Treasurer/CFO
318-371-4123
E-mail: becky@mblminden.com
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