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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 . The press release can be found on Minden Bancorp's website at .

The Minden Bancorp, Inc. logo is available at

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.
(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
(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
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
         Becky T. Harrell, Treasurer/CFO

Minden Bancorp, Inc. Logo

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