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BRANCH CLOSURES
9 Months Ended
Sep. 30, 2013
BRANCH CLOSURES  
BRANCH CLOSURES

NOTE 13 — BRANCH CLOSURES

 

In April 2013, the Company closed eight branch offices in the following locations: Redkey, Fortville, Cambridge City, Fountain City, Trafalgar, East Enterprise, and Covington, Indiana and Troy, Ohio.  The Company now operates two offices in Troy, Ohio.  In total, the eight branches being closed represent approximately $85,000 in deposits.  Included in the nine months ending September 30, 2013 operating results are $150 of severance costs, $550 of impairment costs for the affected properties, and $50 of other costs related to the closing of the branches.