Asset Sales Boost Profits at DSA in Indiana

Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.

DSA, the holding company for the $113 million-asset Dearborn Savings Bank, reported net earnings of $305,000, or 19 cents a share, in its fiscal second quarter.

An increase of $138,000 in sales of loans, investments and real estate drove its earnings improvement in the quarter, which ended Dec. 31. Those gains offset a $79,000, or 11.6%, increase in expenses related to real estate holdings.