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Last $13.65 USD
Change Today 0.00 / 0.00%
Volume 0.0
LPSB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

laporte bancorp inc (LPSB) Snapshot

Open
$13.65
Previous Close
$13.65
Day High
$13.80
Day Low
$13.65
52 Week High
03/12/15 - $14.00
52 Week Low
06/3/14 - $10.63
Market Cap
76.8M
Average Volume 10 Days
916.2
EPS TTM
$0.81
Shares Outstanding
5.6M
EX-Date
05/15/15
P/E TM
16.9x
Dividend
$0.16
Dividend Yield
1.17%
Current Stock Chart for LAPORTE BANCORP INC (LPSB)

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laporte bancorp inc (LPSB) Details

LaPorte Bancorp, Inc. operates as the holding company for The LaPorte Savings Bank, which provides various banking products and services to individuals and businesses. The company’s deposit products include savings accounts, health savings accounts, NOW accounts, checking accounts, money market accounts, certificates of deposit, and individual retirement accounts, as well as commercial checking accounts for businesses. Its loan portfolio comprises mortgage warehouse loans, commercial real estate loans, residential loans, commercial loans, home equity loans and lines of credit, construction and land loans, automobile loans, and other consumer loans. The company also invests in mortgage-backed securities, collateralized mortgage obligation securities, municipal bond securities, U.S. treasury and agency securities, corporate bond securities, and interest-earning time deposits, as well as provides trust services. It operates through seven full-service branches in LaPorte and Porter counties, Indiana. The company is based in LaPorte, Indiana.

100 Employees
Last Reported Date: 03/12/15

laporte bancorp inc (LPSB) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $244.6K
President, Chief Financial Officer, Principal...
Total Annual Compensation: $196.2K
Senior Vice President of Mortgage Warehouse L...
Total Annual Compensation: $129.5K
Compensation as of Fiscal Year 2014.

laporte bancorp inc (LPSB) Key Developments

Laporte Bancorp, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-offs for the First Quarter Ended March 31, 2015

Laporte Bancorp, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest and dividend income of $4,481,000 against $4,277,000 a year ago. Net interest income was $3,876,000 against $3,482,000 a year ago. Income before income tax expense was $1,108,000 against $898,000 a year ago, which led to an increase in income tax expense for the three months ended march 31, 2015 to $156,000 from $48,000 for the prior year period. Net income was $952,000 against $850,000 a year ago. Earnings per diluted share were $0.18 against $0.15 a year ago. Book value per share as at march 31, 2015 was $14.77. Return on average assets (qtd annualized) was 0.76% against 0.68% a year ago. Return on average equity (qtd annualized) was 4.60% against 4.19% a year ago. Results reflect continued improvement in the strategies it has been working on over the past twelve months. Tangible book value per share increased to $13.24 as at march 31, 2015. The increase in net interest income was primarily attributable to a $351,000, or 10.8%, increase in interest income on loans as the average balance of loans outstanding increased by 14.2% from the prior year period in addition interest expense decreased. The company announced that net charge-offs for the first quarter ended march 31, 2015 totaled $25,000, which included $19,000 previously reserved and represents a decrease from $37,000 for the prior year period.

Laporte Bancorp, Inc. Declares Dividend, Payable on or About June 5, 2015

On April 29, 2015, Laporte Bancorp, Inc. announced that its Board of Directors declared a dividend of $0.04 per common share. The dividend will be paid on or about June 5, 2015 to stockholders of record as of the close of business on May 19, 2015.

Laporte Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge-offs for the Fourth Quarter Ended December 31, 2014

Laporte Bancorp, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $3,822,000 against $3,597,000 a year ago. Income before income tax expense was $1,128,000 against $1,247,000 a year ago. Net income was $1,005,000 against $908,000 a year ago. Earnings per diluted share were $0.19 against $0.16 a year ago. Return on average equity (qtd annualized) 4.86% against 4.41% a year ago. Return on average assets (qtd annualized) was 0.79% against 0.73% a year ago. Total interest and dividend income was $4,499,000 against $4,439,000 a year ago. The increase in net interest income was partially attributable to a $93,000, or 2.7%, increase in interest income on loans as the average balance of loans outstanding increased by 6.0%, primarily in mortgage warehouse, single family mortgage loans, and home equity loans, from the prior year period. For the full year, the company reported net interest income of $14,860,000 against $14,157,000 a year ago. This increase was partially attributable to a $347,000, or 2.0%, increase in interest income as a result of an increase of $26.3 million, or 5.9%, in the average balance of interest-earning assets combined with a $356,000, or 10.4%, decrease in interest expense as a result of a 16 basis point decrease in the average cost of interest-bearing liabilities. Income before income tax expense was $5,103,000 against $5,240,000 a year ago. Net income was $4,410,000 against $4,013,000 a year ago. Earnings per diluted share were $0.81 against $0.69 a year ago. Book value per share at December 31, 2014 was $14.52 against $13.56 at December 31, 2013. Total interest and dividend income was $17,925,000 against $17,578,000 a year ago. Tangible book value per share at December 31, 2014 was $13.00 against $12.09 at December 31, 2013. For the quarter, the company realized net charge-offs of $1,000, a decrease from $122,000 for the same 2013 period.

 

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LPSB Competitors

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Company Last Change
Alliance Bancorp Inc of Pennsylvania $21.20 USD +0.47
Cheviot Financial Corp $15.31 USD +0.09
First Capital Inc $24.93 USD +0.08
Poage Bankshares Inc $15.75 USD 0.00
River Valley Bancorp/IN $23.50 USD -0.19
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Industry Analysis

LPSB

Industry Average

Valuation LPSB Industry Range
Price/Earnings 16.2x
Price/Sales 4.0x
Price/Book 0.9x
Price/Cash Flow 17.0x
TEV/Sales NM Not Meaningful
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