Mutualfirst Financial Inc. has announced the company will pay a cash dividend of $0.06 per share for the second quarter of 2013. The dividend will be payable on June 28, 2013 to shareholders of record on June 14, 2013.

Mutualfirst Financial Inc. announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced net income available to common shareholders of $1.6 million, or $0.23 for basic and $0.22 for diluted earnings per common share. This compared to net income available to common shareholders during the same period in 2012 of $1.1 million, or $0.15 for basic and diluted earnings per common share. Annualized return on assets was 0.56% and return on average tangible common equity was 5.95% for the first quarter of 2013 compared to 0.40% and 4.17% respectively, for the same period of last year. The company's tangible book value per share as of March 31, 2013 increased to $15.40 compared to $15.33 as of December 31, 2012 and tangible common equity ratio was 7.72% as of March 31, 2013 compared to 7.62% as of December 31, 2012. Net interest income before the provision for loan losses increased $109,000 compared to the same period in 2012. The increase was a result of an increase in the net interest margin from 3.03% in the first quarter of 2012 to 3.07% in the first quarter of 2013, which was offset slightly by a decline in average earning assets of $2.0 million. Net interest income was $9.978 million against $9.869 million for the same period a year ago. Income before taxes was $2.8 million against $1.9 million for the same period a year ago. Net charge offs for the first quarter of 2013 were $1.0 million, or 0.41% of loans on an annualized basis, compared to $1.5 million, or 0.67% of loans on an annualized basis, for the first quarter of 2012.

Mutualfirst Financial Inc. announced that it will pay a cash dividend of $0.06 per share for the first quarter of 2013. The dividend will be payable on March 22, 2013 to shareholders of record on March 08, 2013.