MUNSTER — NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank, reported a six month earnings increase of 13.6%. Net income totaled $3.4 million for the six months ended June 30, 2013, compared to $3.0 million for the six months ended June 30, 2012.
“With income up 13.6% for the first six months of the year, the Bank continues to show superior results as our operating strategy focuses on keeping an eye on operating costs and working through asset quality issues remaining from the last business cycle,” said David A. Bochnowski, Chairman and Chief Executive Officer. “The market continues to reward the Bancorp for its strong performance as the price per share of the NorthWest Indiana Bancorp stock has risen 26% since the beginning of the year,” Bochnowski said.
