MutualFirst Financial’s net income for the year ended December 31, 2007 was $4.2 million, or $1.03 for basic and $1.02 for diluted earnings per share, a slight decline compared to net income for the comparable period in 2006 of $4.8 million, or $1.13 for basic and $1.11 for diluted earnings per share.
The company’s assets totaled $962.5 million at December 31, 2007, an increase from a year ago period and loans, excluding loans held for sale, also decreased $3.2 million or 0.4%. Total deposits of the company were $666.4 million at December 31, 2007, a decrease from $703.4 reported at December 31, 2006. This decrease was due primarily to decreases in wholesale deposits of $20.5 million, decreases in retail certificates of $15.9 million and decreases in money market and savings deposits of $10.5.
