Hoosier Banker 21 20+ YEAR PARTNERSHIP WITH INDIANA BANKERS ASSOCIATION Years But Who’s Counting? © 2020 Krieg DeVault LLP. This constitutes attorney advertising. Krieg DeVault LLP, Indianapolis, IN, is responsible for this content. Brett J. Ashton Kay Dee Baird John B. Baxter Julia A. Carpenter Maria M. Vladimirova Michael J. Messaglia Charles O. Richert C. Daniel Motsinger Nicole R. Finelli Michael E. Williams PARTNER PARTNER PARTNER PARTNER PARTNER ASSOCIATE PARTNER ASSOCIATE PARTNER PARTNER 317.238.6291 bashton@kdlegal.com 317.238.6306 kbaird@kdlegal.com 317.238.6311 jbaxter@kdlegal.com 317.238.6273 jcarpenter@kdlegal.com 317.238.6374 nfinelli@kdlegal.com 317.238.6268 mvladimirova@kdlegal.com 317.238.6249 mmessaglia@kdlegal.com 317.238.6251 crichert@kdlegal.com 317.238.6237 cmotsinger@kdlegal.com 317.238.6220 mwilliams@kdlegal.com OVER 20 Financial Services Team Krieg DeVault LLP has been involved in every major event that has shaped the evolution of Indiana’s financial institutions. In addition to leading commercial and investment banks, our clients include specialty finance companies, insurance carriers and agents, broker-dealers, and investment advisers. www.kriegdevault.com Indiana banks reported quarterly net income of $264 million in the first quarter, a 13.4% decrease from one year ago. ROA dropped to 0.99%, down 26 basis points from March 2019. Despite weakening economic conditions, loan growth held steady at 9.6% year-over-year. Indiana’s percentages bested the national numbers, with net income showing a 69.6% decline from a year Indiana Earnings Down, but Stronger Than National ago and ROA at 0.38%, while national loan growth came in at 8%. Provision expense as a percentage of net charge-offs, however, increased by three times the percentage reported in first quarter 2019. The decline in average yield on earning assets surpassed the decline in average funding costs, reducing average net interest margins by 24 basis points to 3.34%. HB
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