EX-99.1 3 ex991_0423.txt PRESS RELEASE Exhibit 99.1 Press Release For Immediate Release Contact: Dottye Robeson Chief Financial Officer Phone-574-722-3855 Fax-574-722-3857 Logansport Financial Corp. Reports Earnings for the Three Months Ended March 31, 2004 Logansport, Indiana (April 22, 2004) Logansport Financial Corp., (NASDAQ Small Cap Market, LOGN), parent company of Logansport Savings Bank, reported net earnings for the three months ended March 31, 2004. Net earnings for the three months ended March 31, 2004 totaled $263,000, compared to $364,000 for the three months ended March 31, 2003, a $101,000 decrease. Diluted earnings per share were $.29 for the quarter ending March 31, 2004 and $.41 for the quarter ending March 31, 2003. The decrease in earnings per share resulted from decreased net interest income due to a declining net interest margin. Logansport Financial Corp reported total assets at March 31, 2004 of $153.9 million, total deposits of $98.4 million and stockholders' equity of $16.6 million. Total loans increased slightly from December 31, 2003, from $102.4 million to $103.1 million. The company has commitments outstanding to purchase $6.5 million of adjustable rate multi-family loans in April, 2004. The Annual Meeting of Shareholders of Logansport Financial Corp. was held on April 13, 2004. Brian Morrill and Susanne Ridlen were re-elected Directors. Also serving as Directors are Dr. Todd Weinstein, Charles Evans, William Tincher, Jr., James Bauer and David Wihebrink. LOGANSPORT FINANCIAL CORP. SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands,except for share data)

LOGANSPORT FINANCIAL CORP 8-K