Minden Bancorp, Inc. Reports Results of Operations for the 3rd Quarter Ended September 30, 2013

Minden Bancorp, Inc. Reports Results of Operations for the 3rd Quarter Ended
September 30, 2013

MINDEN, La., Oct. 28, 2013 (GLOBE NEWSWIRE) -- Minden Bancorp, Inc. (the
"Company") (OTCBB:MDNB) today reported net income for the quarter ended
September 30, 2013 of $866,000 or $0.36 per diluted share, as compared to net
income of $803,000 or $0.33 per diluted share for the quarter ended September
30, 2012. The $63,000 or 7.8% increase reflects a $91,000 increase in net
interest income, a $23,000 increase in non-interest income, a $26,000 increase
in non-interest expense and a $6,000 decrease in the provision for loan
losses. Income tax expense increased by $31,000 for the quarter ended
September 30, 2013 as compared to the quarter ended September 30, 2012
primarily due to increased net income.

The Company reported net income of $2.5 million or $1.04 per diluted share for
the nine months ended September 30, 2013, an increase of $283,000 or 12.6% as
compared to net income of $2.2 million or $0.91 per diluted share for the nine
months ended September 30, 2012.

Total assets decreased $2.6 million or 0.9% to $273.9 million at September 30,
2013 compared to $276.5 million at December 31, 2012. The decrease primarily
reflected a $13.4 million decrease in cash and cash equivalents partially
offset by a $2.5 million increase in investment securities and a $9.0 million
increase in net loans. Total deposits decreased by $3.3 million or 1.4% to
$230.6 million at September 30, 2013. The decrease in deposits reflected
normal seasonal withdrawals.

Stockholders' equity increased by $1.1 million or 2.7% to $41.4 million at
September 30, 2013 as compared to $40.3 million at December 31, 2012. The
increase was in part due to net income of $2.5 million and the exercise of
stock options of $254,000 for the nine months ended September 30,
2013.Stockholders' equity was reduced by other comprehensive loss of $1.3
million and the purchase of treasury stock in the amount of
$73,000.Stockholders' equity per share amounted to $17.42 at September 30,
2013. 

Net interest income for the three months ended September 30, 2013 increased
$91,000 or 4.3% to $2.2 million as compared to $2.1 million for the same
period in 2012.Net interest income increased $208,000 or 3.3% to $6.4 million
for the nine months ended September 30, 2013 as compared to $6.2 million for
the same period in 2012. The increase in net interest income for the three
months ended September 30, 2013 reflected an increase in interest income of
$93,000 slightly offset by a $2,000 increase in interest expense. The increase
in interest income for the nine months ended September 30, 2013 reflected an
increase in interest income of $167,000 combined with a $41,000 decrease in
interest expense.

The provision for loan losses amounted to $24,000 and $69,000 for the three
and nine months ended September 30, 2013, respectively.At September 30, 2013,
the Company's total nonperforming assets and troubled debt restructurings
amounted to $595,000 or 0.2% of total assets as compared to $1.4 million or
0.5% at December 31, 2012.

Total non-interest income increased from $193,000 and $557,000 for the three
and nine months ended September 30, 2012, respectively, to $216,000 and
$631,000, respectively, for the comparable periods in 2013.The increases
primarily reflected an increase in customer service fees.

Non-interest expense was $1.1 million and $3.3 million for both the three and
nine-month periods ended September 30, 2013 and 2012.

The Company also announced that its Board of Directors approved a new stock
repurchase plan which provides for the repurchase of up to 150,000 shares, or
approximately 6.3% of its issued and outstanding shares of common stock as of
September 30, 2013. The shares may be purchased in the open market or in
privately negotiated transactions from time to time depending upon market
conditions and other factors. Concurrent with this authorization, the Company
terminated its second share repurchase program which had 26,188 shares
remaining to be repurchased as well as its third share repurchase program
which had not yet commenced covering 120,000 shares. Upon completion of the
new repurchase program, the Company will have repurchased approximately 10% of
its issued and outstanding shares of common stock.

Minden Bancorp, Inc., headquartered in Minden, Louisiana, is the holding
company for MBL Bank.The Bank is a 103 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/.

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)
                                         
                           September 30,  December 31,
                           2013           2012
                                         
Total assets                $273,926       $276,491
Cash and cash equivalents   20,925         34,290
Investment securities       90,644         88,188
Loans receivable – net      155,476        146,481
Deposits                    230,644        233,963
Total stockholders' equity  41,429         40,325
                                         

                                                                  
                                         Three Months Ended Nine Months Ended
                                         September 30,      September 30,
                                         2013      2012     2013     2012
                                                                  
Interest income, including fees           $2,513    $2,420   $7,359   $7,192
Interest expense                          319       317      938      979
Net interest income                      2,194     2,103    6,421    6,213
Provision for loan losses                 24        30       69       90
Net interest income afterprovision for   2,170     2,073    6,352    6,123
loan loss
Total non-interest income                 216       193      631      557
Total non-interest expenses               1,095     1,069    3,270    3,299
Income before income taxes               1,291     1,197    3,713    3,381
Income tax expense                        425       394      1,186    1,137
NET INCOME                               $866      $803     $2,527   $2,244
                                                                  
EARNINGS PER SHARE                                                
Basic                                    $0.38     $0.35    $1.10    $0.98
Diluted                                  $0.36     $0.33    $1.04    $0.91
                                                                  

CONTACT: For Further Information:
         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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