Logansport Savings Bank

What Logansport Savings Bank does

Logansport Savings Bank is a community bank headquartered at 723 East Broadway, Logansport, Indiana, serving individual consumers and small businesses in north-central Indiana. Founded in 1902, the bank operates as the banking subsidiary of Logansport Financial Corp., which trades publicly on the OTCMKTS under the ticker LOGN. The bank operates from a single physical branch with an 11–50 employee headcount, augmented by online and mobile banking platforms, a mobile remote deposit capture service, and a self-service mortgage web center.

The product portfolio spans personal banking — checking accounts, savings, certificates of deposit, health savings accounts, college savings plans, home loans, auto and personal loans, student loans, and Visa/Mastercard credit cards — and business banking, including commercial loans, agricultural loans, construction loans, business checking and savings, merchant processing, and cash management tools including sweep and draw services. Technology integrations are limited to industry-standard providers: Zelle for peer-to-peer payments, and the Visa and Mastercard networks for card issuance. All deposits are FDIC-insured up to $250,000 per depositor.

Revenue is generated through traditional banking mechanics: net interest income on loans (residential, commercial, agricultural, consumer, and credit card) and fee income from deposit accounts, ATM usage, wire transfers, merchant processing, and account maintenance. Reported annual revenue is approximately $15.19 million with annual net income of $1.76 million and EPS of $1.59. The most recent disclosed quarterly result is net earnings of $520,000 for the quarter ended September 30, 2025. The bank's go-to-market relies on direct-to-consumer relationships through the physical branch, community partnerships (notably a financial literacy program with Logansport High School), and digital self-service channels — with local decision-making authority and personal service positioned as the core differentiators against larger regional and national competitors.

Name

Logansport Savings Bank

Legal name

Logansport Savings Bank

Website

https://logansportsavings.com

Company type

Public

Founded year

1902

Operating status

Operating

Headcount range

11–50 employees

Short description

Logansport Savings Bank is a community bank headquartered in Logansport, Indiana, serving individual consumers, small businesses, and agricultural customers with traditional deposit, lending, and digital banking products through a single branch and online channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Logansport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including home loans, commercial loans, agricultural loans, vehicle loans, student loans, and credit cards. The bank generates revenue through the spread between interest earned on lending activities and interest paid on deposits.
2. Deposit and Service Fees: Fees generated from deposit accounts, including checking accounts, savings accounts, CDs, Health Savings Accounts, and College Savings Plans. Also includes fees for services such as ATM usage, wire transfers, and account maintenance.
3. Commercial Banking Services: Revenue from business banking services including commercial loans, agricultural loans, construction loans, merchant processing, and cash management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Logansport Savings Bank is a community bank providing personal and business deposit accounts (checking, savings, CDs, HSAs, college savings plans) and a range of lending products (home, vehicle, student, credit card, commercial, agricultural, and construction loans). It supplements these with digital banking services including internet/mobile banking, mobile remote deposit capture, Zelle peer-to-peer payments, merchant processing, cash management, and sweep/draw services, all operated from a single Logansport, Indiana branch under FDIC-insured parent Logansport Financial Corp. (OTCMKTS: LOGN).

Product overview

Logansport Savings Bank is a community bank offering a unified suite of traditional banking products and services. The portfolio spans personal banking (checking, savings, CDs, health savings accounts, college savings, home loans, vehicle loans, student loans, and credit cards), business banking (checking, savings, commercial loans, agricultural loans, construction loans, and business credit cards), and digital services (internet and mobile banking, ATM/debit access, Zelle peer-to-peer payments, merchant processing, mobile remote deposit capture, and cash management tools). All products are FDIC-insured and offered through the bank's single Indiana location, with digital banking accessible via web and mobile platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts Personal and business checking accounts offering online banking access, debit cards, and Zelle payment capabilities for everyday transactions.
• Savings & CDs Savings accounts and certificates of deposit with competitive interest rates, including term options from 91 days to longer durations, all FDIC-insured.
• Health Savings Account Tax-advantaged health savings account for individuals with high-deductible health plans, allowing pre-tax contributions for qualified medical expenses.
• College Savings Plan Education savings account designed to help families save for future college expenses with tax-advantaged growth.
• Home Loans Mortgage and home lending products including conventional mortgages, with local mortgage professionals providing personalized service and competitive rates.
• Vehicle and Personal Loans Auto loans and personal installment loans for vehicle purchases and other personal financing needs.
• Student Loans Education financing options for students and parents to fund higher education expenses.
• Credit Cards Consumer and business credit cards offered through Visa and Mastercard networks, including options compatible with virtual wallets.
• Internet and Mobile Banking Digital banking platform enabling customers to access accounts, transfer funds, pay bills, deposit checks remotely, and manage finances online and via mobile devices.
• ATMs and Debit Cards ATM network access and debit card services for cash withdrawals, purchases, and account access at point-of-sale locations.
• Commercial Loans Business lending products including term loans and lines of credit for business expansion, equipment purchases, and operational needs.
• Agricultural Loans Specialized financing solutions for farm operations including equipment updates, operating lines of credit, and land purchases.
• Construction Loans Short-term financing for residential and commercial construction projects with draw-based disbursements.
• Merchant Processing Payment processing services enabling businesses to accept credit and debit card transactions from customers.
• Mobile Remote Deposit Capture Mobile check deposit service allowing business customers to photograph and deposit checks remotely using smartphones.
• Cash Management Business treasury services providing tools for managing cash flow, monitoring account activity, and optimizing liquidity.
• Sweep and Draw Services Automated account management services that sweep excess funds or provide draw capabilities for efficient business cash management.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

One partnership is on record.

• Logansport High School (LHS)coreStrategic or Co-development Partner · 1 January 2025Logansport Savings Bank provides funding and collaborative support to help Logansport High School integrate financial literacy education into their curriculum. This partnership represents the bank's community reinvestment and financial education outreach efforts.

Scale indicators6 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Peoples Bancorp: Small community bank holding company with a comparable traditional banking model, similar size, and consumer/commercial loan mix.
• Greene County Bancorp: Small community bank holding company of similar size and traditional community banking model; specifically referenced in Logansport's comparative financial analysis as a size and structure benchmark.
• MutualFirst Financial: Indiana-based community bank holding company of similar size offering traditional deposit and lending products in comparable Indiana markets.
• Salin Bank & Trust Company: Indiana community bank offering comparable deposit products, consumer loans, and commercial banking services with similar geographic focus in Indiana.
• First Savings Financial Group: Small savings-institution holding company with a similar community-focused banking model, traditional deposit and lending products, and comparable scale.

Broad incumbents

• Lakeland Financial Corporation: Indiana-based bank holding company operating Lake City Bank, a much larger community bank serving overlapping Indiana markets with similar consumer and commercial banking products.
• German American Bancorp: Indiana-headquartered regional bank holding company with community banking operations across southern Indiana, providing overlap in deposit and agricultural/consumer lending products.
• 1st Source Corporation: Indiana-based bank holding company with community banking operations across northern Indiana, offering comparable deposit, mortgage, and commercial lending products.
• First Merchants Corporation: Indiana-headquartered regional bank holding company with community banking footprint across central Indiana, providing overlapping consumer and commercial banking products.
• Old National Bancorp: Indiana-headquartered regional bank holding company with significant community banking operations across Indiana, providing comparable consumer and commercial banking products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/LogansportSB

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Logansport Savings Bank