First Bancorp of Indiana Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported interest income of $3,186,000 compared to $3,323,000 a year ago. Net interest income was $2,310,000 compared to $2,154,000 a year ago. Income before income taxes was $482,000 compared to $136,000 a year ago. Net income was $471,000 compared to $196,000 a year ago.

For the nine months period, the company reported interest income of $9,867,000 compared to $10,304,000 a year ago. Net interest income was $7,003,000 compared to $6,711,000 a year ago. Income before income taxes was $1,282,000 compared to $883,000 a year ago. Net income was $1,252,000 compared to $864,000 a year ago. The higher comparative quarterly and year-to-date earnings were due partly to increased net interest income as lower funding costs and strong loan growth, 23.7% over the past 12 months alone, mitigated lower loan and investment yields.

For the quarter, the company reported impairment charges on certain investment securities was $19,000 compared to $148,000 for the same period of last fiscal year.