Pharos-Tribune

May 11, 2014

Business news in brief, May 11


Pharos-Tribune

---- — Logansport Savings Bank reports earnings

Logansport Financial Corp., parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31 of $426,000 or $.65 per diluted share, compared to earnings in 2013 of $474,000 or $.71 per diluted share.

Total loans were $108.7 million at March 31 compared to $113.7 million at Dec. 31, 2013. Deposits increased by $4 million during the quarter. Total assets at March 31 were $162.6 million. Total shareholder’s equity at March 31 was $19.2 million compared to $18.5 million at Dec. 31, 2013.

Delphi to host business seminar

DELPHI — Business Possibilities for Delphi, a seminar for prospective new or expanding businesses covering what gaps may exist in the Delphi area, will be presented next week by the Indiana Small Business Development Center in conjunction with the Carroll County Chamber.

The free workshop is slated for 6 to 8 p.m. May 20 at the Wabash and Erie Canal Center, 1030 N. Washington St. in Delphi. Participants receive a light meal, a workbook and one-on-one business consultation after completion of the workbook.

RSVP by Friday by emailing mbruble@carrollcountychamber.com.

Social media subject of workshop

DELPHI — “Facebook for Business,” a social media hands-on workshop, will be presented from 7:30 to 9 a.m. Wednesday at Delphi Opera House 2, 118 N. Union St. in Delphi. Cost is $10 per person and light breakfast and coffee is included. RSVP by emailing mbruble@carrollcountychamber.com.

Logansport Savings named Five Star member

Logansport Savings Bank was recognized as a Five Star Member of the Indiana Bankers Association at the IBA Mega Conference on April 29 in downtown Indianapolis.

The bank earned the award in recognition of its commitment to the IBA in the areas of political awareness, issues advocacy, life-long learning, volunteerism and Preferred Service Provider utilization.

The Indiana Bankers Association supports Indiana banking through issues analysis, professional education, and products and services that enhance financial institutions’ ability to serve their communities.

Tyson posts record quarterly sales

SPRINGDALE, Ark. — Tyson Foods Inc. reported a record second quarter on Tuesday, with sales exceeding $9 billion as earnings increased 58 percent to $0.60 per share.

It’s the first time quarterly sales surpassed $9 billion and represents an increase of 7.7 percent over the second quarter of the prior year. Operating income increased 53 percent to $361 million.

The pork segment of the company had operating income of $107 million with a 7.2 percent operating margin.

Tyson is one of the world’s largest processors and marketers of chicken, beef and pork. Its Logansport meat processing facility employs more than 1,800 workers.

Tyson declares dividends

SPRINGDALE, Ark. — The Board of Directors of Tyson Foods Inc. at a meeting on May 1 declared the quarterly dividend of $0.075 per share on Class A common stock and $0.0675 per share on Class B common stock, payable on Sept. 15, to shareholders of record at the close of business on Aug. 29, 2014.

Wolf Park earns rating award

BATTLE GROUND — Wolf Park was honored recently with a 2014 Top-Rated Award from GreatNonprofits, a provider of user reviews about nonprofit organizations.

While the Top-Rated Awards run through the end of October, Wolf Park was part of the inaugural group to qualify for the year.

Reviews on the GreatNonprofits.org influence 30 million donation decisions a year, according to a release from the organization.

Wolf Park is located in Battle Ground and focuses on wolf behavioral research, education and conservation.