First Bancorp of Indiana Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, the company's net interest income was $2,340,000 compared to $2,293,000 for the same period in 2011. Net interest income for quarter ended September 30, 2012, improved 2.1% from the same period last fiscal year as a decrease in the cost of deposits more then offset lower loan and investment yields.

Net interest income after provision was $2,235,000 compared to $2,143,000 for the same period in 2011. Income before income taxes and cumulative effect of a change in accounting principle was $454,000 compared to $335,000 for the same period in 2011. Net income was $432,000 compared to $308,000 for the same period in 2011.