Higher overhead weighed First Bancorp of Indiana (FBPI) down in the fourth quarter.
Earnings at the $390 million-asset company fell 3% from a year earlier, to $349,000.
Net interest income rose 3.9% from a year earlier, to $2.4 million. Noninterest income fell 1.2% from a year earlier, $885,000.
Noninterest expenses rose 4.7% from a year earlier, to $2.8 million, because of a new operations center and higher personnel costs.