MUNSTER — NorthWest Indiana Bancorp (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), reported an annual earnings increase of 3.9%, as net income totaled $7.4 million for 2014, compared to $7.1 million for 2013. The 2014 net income figure of $7.4 million represents the third consecutive year of record earnings for the Bancorp, exceeding its prior earnings record for 2013.
“For the third consecutive year, Peoples Bank is pleased to report record net income with 2014 operating results of $7.4 million. Our performance reflects the successful execution of our on-going strategies to build on our strengths as an independent community bank with exceptional service and cutting-edge technology. The Bank’s strategic plan focused on expanded core earnings, increased loan production, increased income from our Wealth Management Group, operating efficiency, and the successful completion of the acquisition of First Federal of Hammond,” said David Bochnowski, chairman and chief executive officer.
