AMERIANA BANCORP

Unaudited Financial Highlights

(In thousands, except per share amounts)
 
  Three Months Ended June 30,   Six Months Ended

June 30,
  2010     2009     2010       2009  
Interest income $ 5,117 $ 5,580 $ 10,200 $ 11,403
Interest expense   1,745   2,530     3,545     5,312  
Net interest income 3,372 3,050 6,655 6,091
Provision for loan losses   658   615     1,018     953  
Net interest income after provision for loan losses 2,714 2,435 5,637 5,138
Other income 1,719 1,020 3,071 1,798
Other expense   4,220   4,343     8,506     8,198  
Income (loss) before income taxes 213 (888 ) 202 (1,262 )
Income tax benefit   16   422     107     683  
Net income (loss) $ 229 $ (466 ) $ 309   $ (579 )
 
Earnings (loss) per share:
Basic $ 0.08 $ (0.16 ) $ 0.10   $ (0.19 )
Diluted $ 0.08 $ (0.16 ) $ 0.10   $ (0.19 )
 
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 $ 0.04   $ 0.02   $ 0.08  
 
June 30,

2010
Dec. 31,

2009
June 30, 2009
Total assets $ 430,741 $ 441,563 $ 489,436
Cash and cash equivalents 20,775 19,588 27,156
Investment securities available for sale 39,767 35,841 64,852
Loans receivable 306,513 325,549 339,466
Allowance for loan losses   4,033     4,005     3,643  
Loans, net 302,480 321,544 335,823
Allowance for loan losses as a percentage of loans receivable 1.32 % 1.23 % 1.07 %
Non-performing loans $ 5,872 $ 9,052 $ 4,407
Allowance for loan losses as a percentage of

non-performing loans
68.7 % 44.2 % 82.7 %
Deposits:
Non-interest-bearing $ 31,374 $ 29,531 $ 28,325
Interest-bearing   300,411     308,850     345,454  
331,785 338,381 373,779
 
Borrowed funds $ 58,810 $ 64,185 $ 74,235
Shareholders' equity 33,381 32,575 33,090
Book value per share 11.17 10.90 11.07