Last $12.25 USD
Change Today +0.18 / 1.49%
Volume 198.0
LPSB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

laporte bancorp inc (LPSB) Snapshot

Open
$12.25
Previous Close
$12.07
Day High
$12.25
Day Low
$12.25
52 Week High
12/17/14 - $12.86
52 Week Low
01/24/14 - $10.60
Market Cap
70.2M
Average Volume 10 Days
6.2K
EPS TTM
$0.78
Shares Outstanding
5.7M
EX-Date
11/17/14
P/E TM
15.7x
Dividend
$0.16
Dividend Yield
1.31%
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.

103 Employees
Last Reported Date: 03/18/14

laporte bancorp inc (LPSB) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $239.8K
President, Chief Financial Officer, Principal...
Total Annual Compensation: $188.7K
Senior Vice President of Mortgage Warehouse L...
Total Annual Compensation: $125.7K
Compensation as of Fiscal Year 2013.

laporte bancorp inc (LPSB) Key Developments

Laporte Bancorp, Inc. Declares Quarterly Dividend Payable on or About December 5, 2014

LaPorte Bancorp, Inc. announced that its Board of Directors declared quarterly cash dividend of $0.04 per common share. The dividend will be paid on or about December 5, 2014 to stockholders of record as of the close of business on November 19, 2014. This represents a dividend yield of 1.4% based on the price per share of $11.21 at the close of markets on October 27, 2014, the date prior to which the Board approved the dividend.

Laporte Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2014

LaPorte Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported 54.5% increase in net income to $1.3 million, or $0.25 per diluted share from $0.868 million, or $0.15 per diluted share, for the comparable period of 2013. Net interest income increased $0.434 million, or 12.7%, to $3.9 million from $3.4 million for the prior year period. The increase in net interest income was primarily attributable to a $0.347 million, or 10.3%, increase in interest income on loans as the average balances of loans outstanding increased by 14.7%, primarily in mortgage warehouse, five or more family commercial real estate, and single family mortgage loans, from the prior year period. Interest income increased $0.362 million, or 8.5%, to $4.6 million compared to $4.3 million for the prior year period. Income before income taxes increased $0.559 million, or 52.4%, to $1.6 million from $1.1 million for the 2013 period which led to an increase in income tax expense for the three months ended September 30, 2014 to $0.285 million from $0.199 million for the 2013 period. Return on average assets was 1.03% against 0.72% a year ago. Return on average equity was 6.52% against 4.20% a year ago. For the nine months, the company's net income increased 9.7% to $3.4 million, or $0.62 per diluted share, from $3.1 million, or $0.53 per diluted share, for the nine months ended September 30, 2013. Net interest income increased $0.478 million, or 4.5%, to $11.0 million from $10.6 million for the prior year period. This increase was primarily attributable to a $0.287 million, or 2.2%, increase in interest income as a result of an increase of $30.0 million in the average balance of interest-earning assets combined with a $0.191 million, or 7.4%, decrease in interest expense as a result of a decrease in the average cost of interest-bearing liabilities. Interest income increased $0.287 million, or 2.2%, to $13.4 million compared to $13.1 million for the prior year period primarily due to a $0.261 million increase in interest income on investment securities as the average balances of investment securities increased $19.1 million, or 13.0%. This increase was partially offset by a five basis point decrease in the average yield earned on investment securities. Income before income tax expense was $3.975 million against $3.993 million a year ago. Book value per share as at September 30, 2014 was $14.62 against $13.42 as at September 30, 2013. For the third quarter ended September 30, 2014, the company reported net charge-offs totaled $15,000, a decrease from $110,000 for the prior year period.

LaPorte Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charges for the Quarter

LaPorte Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net interest income was $3,695,000 against $3,567,000 a year ago. The increase in net interest income was primarily attributable to an $88,000, or 2.0%, increase in interest income as average balances on interest-earning assets increased by 7.5%, primarily in investment securities and loans, from the prior year period. Income before income tax expense was $1,451,000 against $1,504,000 a year ago. Net income was $1,214,000 against $1,149,000 a year ago. Net income per diluted share was $0.22 against $0.20 a year ago. For the six months, net interest income was $7,177,000 against $7,133,000 a year ago. Income before income tax expense was $2,349,000 against $2,926,000 a year ago. Net income was $2,064,000 against $2,237,000 a year ago. Net income per diluted share was $0.37 against $0.38 a year ago. Tangible book value per share was $12.82 against $11.94 a year ago. Return on average assets was 0.94% against 0.96% a year ago. Return on average equity was 5.94% against 5.42% a year ago. Book value per share was $14.32 against $13.35 a year ago. Net charge-offs for the three months ended June 30, 2014 totaled $107,000, of which $96,000 related to amounts previously reserved, compared to $86,000 for the prior year period.

 

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LPSB Competitors

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Company Last Change
Alliance Bancorp Inc of Pennsylvania $17.79 USD -0.011
First Capital Inc $23.96 USD 0.00
Naugatuck Valley Financial Corp $8.58 USD -0.0001
Poage Bankshares Inc $14.99 USD 0.00
River Valley Bancorp/IN $21.50 USD +0.349
View Industry Companies
 

Industry Analysis

LPSB

Industry Average

Valuation LPSB Industry Range
Price/Earnings 15.7x
Price/Sales 3.7x
Price/Book 0.8x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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