Exhibit 99.1



News Release



Jerome J. Gassen

President and Chief Executive Officer

 (765)  529-2230


OF $533,000 OR $0.18 PER SHARE

NEW CASTLE, Ind. (January 29, 2015) – Ameriana Bancorp (NASDAQ: ASBI), parent company for Ameriana Bank, today announced earnings of $533,000, or $0.18 per basic and diluted share, for the fourth quarter of 2014 compared with $481,000, or $0.16 per basic and diluted share, for the fourth quarter of 2013.

For 2014, Ameriana’s net income increased to $2.4 million, or $0.79 per basic and diluted share, from $2.2 million, or $0.73 per basic and diluted share for 2013.

Commenting on the announcement, Jerome J. Gassen, President and Chief Executive Officer, said, “I am very pleased with our team’s accomplishments in 2014, which proved to be a challenging year for the banking industry as net interest margin compression and a difficult lending environment continued to be major issues. We moved forward with our Indianapolis metropolitan area retail expansion strategy, opening an office in Noblesville and a second Fishers location. We were also successful in growing earnings over the prior year and exceeded 2014 earnings guidance provided at our annual meeting last May. Additional improvement in our credit metrics was another significant achievement for the year that also will contribute favorably to our earnings growth efforts in 2015. At December 31, 2014, non-performing loans were $4.4 million, a decrease of $978,000 from September 30, 2014.

“Total loans receivable increased $4.0 million for the year, or 1.3%, to $320.0 million, which was below target for 2014 even though our commercial lending production goals were met, as our portfolio was negatively affected by substantial unexpected loan prepayments,” Gassen continued. “We carry a strong commercial loan pipeline into 2015, which is expected to provide a solid foundation for loan portfolio growth early in the year.

“I am also very pleased with the effort and results from our retail team that contributed $16.2 million, or 4.5% deposit growth for 2014,” Gassen commented. “Deposits provided by both our existing and new banking centers are expected to fund current and future growth strategies for the Bank.”

Gassen noted that the Company’s financial statements and related metrics for the fourth quarter of 2014 and the full year included the effect of the prepayment of a match-funded $4.9 million commercial real estate loan. The $651,000 prepayment penalty received by the Bank was included in interest income, while the $614,000 prepayment penalty paid by the Bank for




The following information was filed by Ameriana Bancorp (ASBI) on Friday, January 30, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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