First Bancorp of Indiana Inc. announced consolidated unaudited earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported interest income of $3,307,000 compared with $3,452,000 for the same period a year ago. Net interest income was $2,353,000 compared with $2,265,000 for the same period a year ago. Income before income taxes and cumulative effect of a change in accounting principle was $346,000 compared with $413,000 for the same period a year ago. Net income was $349,000 compared with $360,000 for the same period a year ago. The quarter-over-quarter change was attributed largely to higher overhead expenses. The increase in these expenses more than offset a 3.9% increase in net interest income associated with strong loan growth and lower funding costs.

For the six months, the company reported interest income of $6,681,000 compared with $6,981,000 for the same period a year ago. Net interest income was $4,694,000 compared with $4,558,000 for the same period a year ago. Income before income taxes and cumulative effect of a change in accounting principle was $800,000 compared with $748,000 for the same period a year ago. Net income was $781,000 compared with $667,000 for the same period a year ago.