Logansport Financial Corp., (OTCQB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended September 30, 2023 of $371,000 or $0.61 per diluted share, compared to earnings in 2022 of $820,000 or $1.34 per diluted share. Year to date the company reported net earnings of $1,501,000 for 2023 compared to $2,428,000 for 2022. Diluted earnings per share for the nine months ended September 30, 2023 were $2.46 compared to $3.98 for the nine months ended September 30, 2022. Total assets at September 30, 2023 were $244.3 million compared to total assets at September 30, 2022 of $241 million. Total Deposits at September 30, 2023 were $200.9 million compared to total deposits of $220.3 million at September 30, 2022. The company paid a total of $3.85 per share in dividends in the first nine months of 2023 compared to $1.20 in 2022. This included a special dividend of $2.50 per share in 2023.

“The current economic environment has presented all banks across the country with challenges, specifically maintaining margin and liquidity through the rapid rise in interest rates” commented Chad Higgins, President and CEO at Logansport Savings Bank. “Continued loan demand has positioned us to be profitable during this unprecedented period of time”.