MUNSTER — NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported earnings of $1.9 million for the three months ended September 30, 2014, and earnings of $5.7 million for the nine months ended September 30, 2014. At September 30, 2014, the Bancorp’s assets totaled $781.7 million compared to $693.5 million at December 31, 2013, an increase of $88.3 million or 12.7%.
The earnings of $1.9 million for the three months ended September 30, 2014, represent $0.67 earnings per basic and diluted share. For the third quarter of 2014, the return on average assets (ROA) was 0.98% and the return on average equity (ROE) was 10.34%.
The earnings of $5.7 million for the nine months ended September 30, 2014, represent $1.99 earnings per basic and diluted share. For the nine months ended September 30, 2014, the ROA was 1.00% and the ROE was 10.51%.
