----

| Indiana                                                                                         |   | 35-2061832                                                            |
|-------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|
| (State                  or other jurisdiction of incorporationor                  organization) |   | (I.R.S.                  EmployerIdentification                  No.) |
|                                                                                            |   |                                                                  |
| 5001                  Davis Land Drive, Evansville, Indiana                                     |   | 47715                                                                 |
| (Address                  of principal executive offices)                                       |   | (Zip                  Code)                                           |

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** **

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|                                                                                                        | Page   |
|-------------------------------------------------------------------------------------------------------------|--------|
| Part                  I  Financial Information                                                         |   |
| Item                  1.  Financial Statements                                                         | 3      |
| Item                  2.  Management's Discussion and Analysis or Plan of                  Operation   | 11     |
| Item                  3.  Controls and Procedures                                                      | 17     |
|                                                                                                        |   |
| Part                  II  Other Information                                                            |   |
| Item                  1.  Legal Proceedings                                                            | 18     |
| Item                  2.  Unregistered Sales of Equity Securities and Use of                  Proceeds | 18     |
| Item                  3.  Defaults Upon Senior Securities                                              | 18     |
| Item                  4.  Submission of Matters to a Vote of Security                  Holders         | 18     |
| Item                  5.  Other Information                                                            | 18     |
| Item                  6.  Exhibits                                                                     | 18     |

----

**FIRST        BANCORP OF INDIANA, INC.**

**AND        **
**S**
**UBSIDIARY**

**Condensed        Consolidated Balance Sheets**

|                                                                                                                     |   |   | **March                  31, 2006**  |   |   | **June                  30, 2005** |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------|--------|--------|------------------------------------|--------|
|                                                                                                                          |   |   | (Unaudited)                          |   |   |                               |   |
| **Assets**                                                                                                               |   |   |                                      |   |   |                               |   |
| Cash                  and due from banks                                                                                 |   | $      | 5,505,317                                 |   | $      | 3,998,956                          |   |
| Interest-bearing                  demand deposits                                                                        |   |   | 6,232,339                                 |   |   | 28,536,908                         |   |
| Federal                  funds sold                                                                                      |   |   | 3,425,000                                 |   |   | 2,800,000                          |   |
| Total                  cash and cash equivalents                                                                         |   |   | 15,162,656                                |   |   | 35,335,864                         |   |
| Interest-bearing                  deposits                                                                               |   |   | 283,961                                   |   |   | 958,892                            |   |
| Investment                  securities                                                                                   |   |   |                                      |   |   |                               |   |
| Available                  for sale                                                                                      |   |   | 54,108,237                                |   |   | 58,279,164                         |   |
| Held                  to maturity                                                                                        |   |   | 14,935,658                                |   |   | 7,039,852                          |   |
| Total                  investment securities                                                                             |   |   | 69,043,895                                |   |   | 65,319,016                         |   |
| Loans                                                                                                                    |   |   | 179,700,542                               |   |   | 155,401,524                        |   |
| Allowance                  for loan losses                                                                               |   |   | (864,055                                  | )      |   | (855,145                           | )      |
| Net                  loans                                                                                               |   |   | 178,836,487                               |   |   | 154,546,379                        |   |
| Premises                  and equipment                                                                                  |   |   | 7,483,632                                 |   |   | 3,948,433                          |   |
| Goodwill                                                                                                                 |   |   | 1,786,297                                 |   |   | 1,786,297                          |   |
| Core                  deposit intangibles                                                                                |   |   | 105,702                                   |   |   | 162,740                            |   |
| Federal                  Home Loan Bank stock                                                                            |   |   | 3,813,900                                 |   |   | 3,314,000                          |   |
| Other                  assets                                                                                            |   |   | 12,351,310                                |   |   | 11,996,004                         |   |
| Total                  assets                                                                                            |   | $      | 288,867,840                               |   | $      | 277,367,625                        |   |
| **Liabilities**                                                                                                          |   |   |                                      |   |   |                               |   |
| Deposits                                                                                                                 |   |   |                                      |   |   |                               |   |
| Non-interest                  bearing                                                                                    |   | $      | 12,398,713                                |   | $      | 11,581,099                         |   |
| Interest                  bearing                                                                                        |   |   | 171,181,373                               |   |   | 184,151,437                        |   |
| Total                  deposits                                                                                          |   |   | 183,580,086                               |   |   | 195,732,536                        |   |
| Long-term                  borrowings                                                                                    |   |   | 72,000,000                                |   |   | 45,000,000                         |   |
| Advances                    by borrowers for taxes and insurance                                                         |   |   | 893,958                                   |   |   | 545,180                            |   |
| Other                  liabilities                                                                                       |   |   | 3,756,697                                 |   |   | 6,168,674                          |   |
| Total                  liabilities                                                                                       |   |   | 260,230,741                               |   |   | 247,446,390                        |   |
| **Stockholders'                  Equity**                                                                                |   |   |                                      |   |   |                               |   |
| Preferred                  stock, $.01 par value Authorized                  and unissued - 1,000,000 shares             |   |   |                                      |   |   |                               |   |
|  Common                stock, $.01 par value Authorized - 9,000,000 shares Issued - 2,272,400                shares |   |   | 22,724                          |   |   | 22,724                   |   |
| Additional                  paid-in capital                                                                              |   |   | 22,336,449                                |   |   | 22,089,607                         |   |
| Retained                  earnings                                                                                       |   |   | 19,123,451                                |   |   | 18,918,059                         |   |
| Accumulated                  other comprehensive income / (loss)                                                         |   |   | (987,179                                  | )      |   | (300,457                           | )      |
|                                                                                                                     |   |   | 40,495,445                           |   |   | 40,729,933                    |   |
| Less:                                                                                                                    |   |   |                                      |   |   |                               |   |
| Unreleased                  employee stock ownership plan                                                                |   |   |                                      |   |   |                               |   |
| shares                  - 71,956 and 83,320 shares                                                                       |   |   | (734,541                                  | )      |   | (850,546                           | )      |
| Treasury                  stock - 718,652 and 674,751 shares                                                             |   |   | (11,123,805                               | )      |   | (9,958,152                         | )      |
| Total                  stockholders' equity                                                                              |   |   | 28,637,099                                |   |   | 29,921,235                         |   |
| Total                  liabilities and stockholders' equity                                                              |   | $      | 288,867,840                               |   | $      | 277,367,625                        |   |

----

**FIRST        BANCORP OF INDIANA, INC.**

**AND        **
**S**
**UBSIDIARY**

**Condensed        Consolidated Statements of Income**

|                                                              |   | **For                        the****Three                        Months Ended****March                        31,** |      | **For                        the****Nine                        Months Ended****March                        31,** |   |
|-------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------|--------|
|                                                              |   | **2006**                                                                                                            |      | **2005**                                                                                                           |   | **2006** |   | **2005** |   |
|                                                              |   | *(Unaudited)*                                                                                                       |      | *(Unaudited)*                                                                                                      |   |
| **Interest                        Income**                        |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Loans                        receivable                           |   | $                                                                                                                   | 2,716,551 |                                                                                                               | $      | 2,667,673 |   | $ | 7,746,795 |   | $ | 7,683,518 |   |
| Investment                        securities                      |   |                                                                                                                | 788,708   |                                                                                                               |   | 701,045 |   |   | 2,342,011 |   |   | 2,212,277 |   |
| Deposits                        with financial institutions       |   |                                                                                                                | 25,918    |                                                                                                               |   | 21,387 |   |   | 130,083 |   |   | 63,345 |   |
| Federal                        funds sold                         |   |                                                                                                                | 22,259    |                                                                                                               |   | 11,956 |   |   | 82,313 |   |   | 40,283 |   |
| Other                        interest and dividend income         |   |                                                                                                                | 52,514    |                                                                                                               |   | 29,180 |   |   | 121,883 |   |   | 88,792 |   |
| Total                        interest income                      |   |                                                                                                                | 3,605,950 |                                                                                                               |   | 3,431,241 |   |   | 10,423,085 |   |   | 10,088,215 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Interest                        Expense**                       |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Deposits                                                          |   |                                                                                                                | 1,300,450 |                                                                                                               |   | 1,048,304 |   |   | 3,505,589 |   |   | 3,089,326 |   |
| Borrowings                                                        |   |                                                                                                                | 690,426   |                                                                                                               |   | 421,443 |   |   | 1,919,542 |   |   | 1,212,198 |   |
| Other                                                             |   |                                                                                                                | 21,758    |                                                                                                               |   | 26,814 |   |   | 77,808 |   |   | 80,442 |   |
| Total                        interest expense                     |   |                                                                                                                | 2,012,634 |                                                                                                               |   | 1,496,561 |   |   | 5,502,939 |   |   | 4,381,966 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Net                        Interest Income**                    |   |                                                                                                                | 1,593,316 |                                                                                                               |   | 1,934,680 |   |   | 4,920,146 |   |   | 5,706,249 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Provision                        for loan losses                  |   |                                                                                                                | 65,000    |                                                                                                               |   | 60,000 |   |   | 222,000 |   |   | 270,000 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Net                        Interest Income after Provision**    |   |                                                                                                                | 1,528,316 |                                                                                                               |   | 1,874,680 |   |   | 4,698,146 |   |   | 5,436,249 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Noninterest                        Income**                     |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Increase                        in cash surrender values          |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| of                        life insurance                          |   |                                                                                                                | 52,500    |                                                                                                               |   | 54,000 |   |   | 158,571 |   |   | 157,170 |   |
| Net                        gains on loan sales                    |   |                                                                                                                | 53,640    |                                                                                                               |   | 26,606 |   |   | 129,454 |   |   | 166,864 |   |
| ATM                        transaction & POS interchange fees |   |                                                                                                                | 58,423    |                                                                                                               |   | 64,758 |   |   | 180,947 |   |   | 166,569 |   |
| Service                        charges on deposit accounts        |   |                                                                                                                | 95,450    |                                                                                                               |   | 83,812 |   |   | 311,594 |   |   | 276,315 |   |
| Net                        gain on sale of branch office          |   |                                                                                                                | 0         |                                                                                                               |   | 0 |   |   | 685,647 |   |   | 0 |   |
| Other                        income                               |   |                                                                                                                | 240,796   |                                                                                                               |   | 128,781 |   |   | 705,029 |   |   | 409,214 |   |
| Total                        noninterest income                   |   |                                                                                                                | 500,809   |                                                                                                               |   | 357,957 |   |   | 2,171,242 |   |   | 1,176,132 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Noninterest                        Expense**                    |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Salaries                        and employee benefits             |   |                                                                                                                | 940,430   |                                                                                                               |   | 940,092 |   |   | 2,873,214 |   |   | 2,699,524 |   |
| Net                        occupancy expense                      |   |                                                                                                                | 103,274   |                                                                                                               |   | 54,708 |   |   | 262,785 |   |   | 204,585 |   |
| Equipment                        expense                          |   |                                                                                                                | 92,734    |                                                                                                               |   | 128,728 |   |   | 276,944 |   |   | 339,883 |   |
| Amortization                        of intangible assets          |   |                                                                                                                | 19,013    |                                                                                                               |   | 19,013 |   |   | 57,038 |   |   | 57,038 |   |
| Professional                        fees                          |   |                                                                                                                | 48,413    |                                                                                                               |   | 41,220 |   |   | 149,540 |   |   | 116,656 |   |
| Advertising                                                       |   |                                                                                                                | 59,367    |                                                                                                               |   | 56,219 |   |   | 221,238 |   |   | 183,725 |   |
| Data                        processing fees                       |   |                                                                                                                | 94,372    |                                                                                                               |   | 92,638 |   |   | 269,107 |   |   | 276,465 |   |
| Other                        expense                              |   |                                                                                                                | 319,753   |                                                                                                               |   | 314,829 |   |   | 1,035,058 |   |   | 900,844 |   |
| Total                        noninterest expense                  |   |                                                                                                                | 1,677,356 |                                                                                                               |   | 1,647,447 |   |   | 5,144,924 |   |   | 4,778,720 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Income                        Before Income Tax**               |   |                                                                                                                | 351,769   |                                                                                                               |   | 585,190 |   |   | 1,724,464 |   |   | 1,833,661 |   |
| Income                        tax expense                         |   |                                                                                                                | 97,644    |                                                                                                               |   | 214,799 |   |   | 567,173 |   |   | 677,682 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| **Net                        Income**                             |   | $                                                                                                                   | 254,125   |                                                                                                               | $      | 370,391 |   | $ | 1,157,291 |   | $ | 1,155,979 |   |
|                                                              |   |                                                                                                                |      |                                                                                                               |   |   |   |   |   |   |   |   |   |
| Basic                        earnings per share                   |   | $                                                                                                                   | 0.17      |                                                                                                               | $      | 0.25 |   | $ | 0.77 |   | $ | 0.77 |   |
| Diluted                        earnings per share                 |   | $                                                                                                                   | 0.17      |                                                                                                               | $      | 0.24 |   | $ | 0.75 |   | $ | 0.74 |   |
| Dividends                        declared per share               |   | $                                                                                                                   | 0.30      |                                                                                                               | $      | 0.30 |   | $ | 0.60 |   | $ | 0.59 |   |

----

**FIRST        BANCORP OF INDIANA, INC.**

**AND        **
**S**
**UBSIDIARY**

**Condensed        Consolidated Statement of Changes in Stockholders’Equity**

|                                                                                                                                                                            |   |   | **Shares****Outstanding**  |   |   | **Comprehensive****Income** |   |   | **Common****Stock** |   |   | **AdditionalPaid-in****Capital** |   |   | **Retained****Earnings** |   |   | **AccumulatedOtherComprehensive****Income** |   |   | **UnalloactedESOP****Shares** |   |   | **Treasury****Shares** |   |   | **Total**  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------|--------|--------|-----------------------------|--------|--------|---------------------|--------|--------|----------------------------------|--------|--------|--------------------------|--------|--------|---------------------------------------------|--------|--------|-------------------------------|--------|--------|------------------------|--------|--------|------------|--------|
|                                                                                                                                                                            |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| **Balances,                  June 30, 2005**                                                                                                                                    |   |   | 2,272,400                       |   |   |                        |   | $      | 22,724              |   | $      | 22,089,607                       |   | $      | 18,918,059               |   |   | ($300,457                                   | )      |   | ($850,546                     | )      |   | ($9,958,152            | )      | $      | 29,921,235 |   |
|                                                                                                                                                                            |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| Net                  income                                                                                                                                                     |   |   |                            |   | $      | 246,372                     |   |   |                |   |   |                             |   |   | 246,372                  |   |   |                                        |   |   |                          |   |   |                   |   |   | 246,372    |   |
| Other                  comprehensive                  income,  net                  of tax—Unrealized                  gains (losses) on securities (unaudited) |   |   |                            |   |   | (139,958                    | )      |   |                |   |   |                             |   |   |                     |   |   | (139,958                                    | )      |   |                          |   |   |                   |   |   | (139,958   | )      |
| Cash                  dividends paid ($0.30 per share)                                                                                                                          |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   | (479,918                 | )      |   |                                        |   |   |                          |   |   |                   |   |   | (479,918   | )      |
| Employee                    Stock Ownership Plan shares allocated                                                                                                               |   |   |                            |   |   |                        |   |   |                |   |   | 41,600                           |   |   |                     |   |   |                                        |   |   | 38,648                        |   |   |                   |   |   | 80,248     |   |
| Treasury                  shares purchased                                                                                                                                      |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   | (534,994               | )      |   | (534,994   | )      |
| Options                  exercised                                                                                                                                              |   |   |                            |   |   |                        |   |   |                |   |   | 55,880                           |   |   |                     |   |   |                                        |   |   |                          |   |   | 200,412                |   |   | 256,292    |   |
| Tax                  benefit of employee benefit plans                                                                                                                          |   |   |                            |   |   |                        |   |   |                |   |   | 143,695                          |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   | 143,695    |   |
| Comprehensive                  income (unaudited)                                                                                                                               |   |   |                            |   | $      | 106,414                     |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| **Balances,                  Sept 30, 2005 (unaudited)**                                                                                                                        |   |   | 2,272,400                       |   |   |                        |   | $      | 22,724              |   | $      | 22,330,782                       |   | $      | 18,684,513               |   |   | ($440,415                                   | )      |   | ($811,898                     | )      |   | ($10,292,734           | )      | $      | 29,492,972 |   |
|                                                                                                                                                                            |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| Net                  income                                                                                                                                                     |   |   |                            |   | $      | 656,794                     |   |   |                |   |   |                             |   |   | 656,794                  |   |   |                                        |   |   |                          |   |   |                   |   |   | 656,794    |   |
| Other                  comprehensive                  income,  net                  of tax--Unrealized gains (losses)on securities (unaudited)                        |   |   |                            |   |   | (491,922                    | )      |   |                |   |   |                             |   |   |                     |   |   | (491,922                                    | )      |   |                          |   |   |                   |   |   | (491,922   | )      |
| Employee                    Stock Ownership Plan shares allocated                                                                                                               |   |   |                            |   |   |                        |   |   |                |   |   | 44,141                           |   |   |                     |   |   |                                        |   |   | 38,709                        |   |   |                   |   |   | 82,850     |   |
| Treasury                  shares purchased                                                                                                                                      |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   | (590,727               | )      |   | (590,727   | )      |
| Options                  exercised                                                                                                                                              |   |   |                            |   |   |                        |   |   |                |   |   | (1,214                           | )      |   |                     |   |   |                                        |   |   |                          |   |   | 3,039                  |   |   | 1,825      |   |
| Comprehensive                  income (unaudited)                                                                                                                               |   |   |                            |   | $      | 164,872                     |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| **Balances,                  Dec 31, 2005 (unaudited)**                                                                                                                         |   |   | 2,272,400                       |   |   |                        |   | $      | 22,724              |   | $      | 22,373,709                       |   | $      | 19,341,307               |   |   | ($932,337                                   | )      |   | ($773,189                     | )      |   | ($10,880,422           | )      | $      | 29,151,792 |   |
|                                                                                                                                                                            |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| Net                  income                                                                                                                                                     |   |   |                            |   | $      | 254,125                     |   |   |                |   |   |                             |   |   | 254,125                  |   |   |                                        |   |   |                          |   |   |                   |   |   | 254,125    |   |
| Other                  comprehensive                  income,  net                  of tax—Unrealized                  gains (losses) on securities (unaudited) |   |   |                            |   |   | (54,842                     | )      |   |                |   |   |                             |   |   |                     |   |   | (54,842                                     | )      |   |                          |   |   |                   |   |   | (54,842    | )      |
| Cash                  dividends paid ($0.30 per share)                                                                                                                          |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   | (471,981                 | )      |   |                                        |   |   |                          |   |   |                   |   |   | (471,981   | )      |
| Employee                    Stock Ownership Plan shares allocated                                                                                                               |   |   |                            |   |   |                        |   |   |                |   |   | 44,609                           |   |   |                     |   |   |                                        |   |   | 38,648                        |   |   |                   |   |   | 83,257     |   |
| Treasury                  shares purchased                                                                                                                                      |   |   |                            |   |   |                        |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   | (455,919               | )      |   | (455,919   | )      |
| Options                  exercised                                                                                                                                              |   |   |                            |   |   |                        |   |   |                |   |   | (81,869                          | )      |   |                     |   |   |                                        |   |   |                          |   |   | 212,536                |   |   | 130,667    |   |
| Comprehensive                  income (unaudited)                                                                                                                               |   |   |                            |   | $      | 199,283                     |   |   |                |   |   |                             |   |   |                     |   |   |                                        |   |   |                          |   |   |                   |   |   |       |   |
| **Balances,                  Mar 31, 2006 (unaudited)**                                                                                                                         |   |   | 2,272,400                       |   |   |                        |   | $      | 22,724              |   | $      | 22,336,449                       |   | $      | 19,123,451               |   |   | ($987,179                                   | )      |   | ($734,541                     | )      |   | ($11,123,805           | )      | $      | 28,637,099 |   |

----

**FIRST        BANCORP OF INDIANA, INC.**

**AND        **
**S**
**UBSIDIARY**

**Condensed        Consolidated Statements of Cash Flows**

|                                                                        |   |  **Year                  to Date****March                  31,** |        |
|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|-------------|
|                                                                        |   |  **2006**                                                        |        | **2005** |   |
|                                                                        |   |  *(Unaudited)*                                                   |        |
|  **Net                  Cash Provided (Used) by Operating Activities** |   |                                                                  | ($1,008,577 | ) | $ | 2,141,709 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Investing                  Activities**                                   |   |                                                                  |        |   |   |   |   |
| Net                  change in interest-bearing deposits                    |   |                                                                  | 674,931     |   |   | 101,044 |   |
| Proceeds                  from maturities of securities available for sale  |   |                                                                  | 11,276,982  |   |   | 12,152,601 |   |
| Proceeds                  from maturities of securities held to maturity    |   |                                                                  | 2,210,901   |   |   | 2,523,113 |   |
| Purchases                  of securities available for sale                 |   |                                                                  | (8,319,555  | ) |   | (6,055,958 | ) |
| Purchases                  of securities held to maturity                   |   |                                                                  | (10,123,250 | ) |   | 0 |   |
| Net                  change in loans                                        |   |                                                                  | (24,413,298 | ) |   | (26,696,114 | ) |
| Purchases                  of premises and equipment                        |   |                                                                  | (4,154,936  | ) |   | (937,006 | ) |
| Proceeds                  from sales of premises and equipment              |   |                                                                  | 1,131,920   |   |   | 0 |   |
| Purchase                  FHLB stock                                        |   |                                                                  | (499,900    | ) |   | 0 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| Net                  cash provided (used) by investing activities           |   |                                                                  | (32,216,205 | ) |   | (18,912,320 | ) |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Financing                  Activities**                                   |   |                                                                  |        |   |   |   |   |
| Net                  change in                                              |   |                                                                  |        |   |   |   |   |
| Non-interest                  bearing, interest-bearing demand              |   |                                                                  |        |   |   |   |   |
|  and                  savings deposits                                 |   |                                                                  | 81,198      |   |   | 11,576,139 |   |
| Certificates                  of deposit                                    |   |                                                                  | (12,233,648 | ) |   | 7,243,600 |   |
| Proceeds                  from issuance of long-term borrowings             |   |                                                                  | 40,000,000  |   |   | 20,000,000 |   |
| Repayments                  of long-term borrowings                         |   |                                                                  | (13,000,000 | ) |   | (2,000,000 | ) |
| Net                  issuance / (repayments) of short-term borrowings       |   |                                                                  | 0           |   |   | (18,500,000 | ) |
| Advances                  by borrowers for taxes and insurance              |   |                                                                  | 348,778     |   |   | 323,254 |   |
| Dividends                  paid                                             |   |                                                                  | (951,899    | ) |   | (958,346 | ) |
| Purchase                  treasury shares                                   |   |                                                                  | (1,581,640  | ) |   | (1,108,534 | ) |
| Options                  exercised                                          |   |                                                                  | 388,784     |   |   | 362,603 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| Net                  cash provided by financing activities                  |   |                                                                  | 13,051,573  |   |   | 16,938,716 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Net                  Change in Cash and Cash Equivalents**                |   |                                                                  | (20,173,208 | ) |   | 168,106 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Cash                  and Cash Equivalents, Beginning of Period**         |   |                                                                  | 35,335,864  |   |   | 8,094,870 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Cash                  and Cash Equivalents, End of Period**               |   | $                                                                     | 15,162,656  |   | $ | 8,262,976 |   |
|                                                                        |   |                                                                  |        |   |   |   |   |
| **Additional                  Cash Flow Information**                       |   |                                                                  |        |   |   |   |   |
| Interest                  paid                                              |   | $                                                                     | 5,076,407   |   | $ | 3,966,458 |   |
| Income                  tax paid                                            |   |                                                                  | 615,000     |   |   | 520,000 |   |

----

|                                       |                                                                                                                                                              | **Three                    Months Ended March 31,** | ** ** |
|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|------------|
| ** **                                 | ** **                                                                                                                                                        | **2006**                                            | ** ** | **2005** |   |
|                                       |                                                                                                                                                              |                                                |       |   |   |
| Net                    Income, as reported |                                                                                                                                                              | $                                                   | 254,125    |   | $ | 370,391 |   |
| Less:                                      | Total                  stock-based employee compensation cost                  determined under the fair value based method, net of income                  taxes |                                                |       | 0 |   |   | (12,438 | ) |
|                                       |                                                                                                                                                              |                                                |       |   |   |   |   |
| Pro                    forma net income    |                                                                                                                                                              | $                                                   | 254,125    |   | $ | 357,953 |   |
|                                       |                                                                                                                                                              |                                                |       |   |   |   |   |
| Earnings                    per share:     |                                                                                                                                                              |                                                |       |   |   |   |   |
| Basic                    - as reported     |                                                                                                                                                              | $                                                   | 0.17       |   | $ | 0.25 |   |
| Basic                    - pro forma       |                                                                                                                                                              |                                                | 0.17       |   |   | 0.24 |   |
|                                       |                                                                                                                                                              |                                                |       |   |   |   |   |
| Diluted                    - as reported   |                                                                                                                                                              | $                                                   | 0.17       |   | $ | 0.24 |   |
| Diluted                    - pro forma     |                                                                                                                                                              |                                                | 0.17       |   |   | 0.23 |   |

----

|                                         |                                                                                                                                                                    | **Nine                      months Ended March 31,** | ** ** |
|----------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|------------|
| ** **                                   | ** **                                                                                                                                                              | **2006**                                             | ** ** | **2005** |   |
|                                         |                                                                                                                                                                    |                                                 |       |   |   |
| Net                      Income, as reported |                                                                                                                                                                    | $                                                    | 1,157,291  |   | $ | 1,155,979 |   |
| Less:                                        | Total                    stock-based employee compensation cost                    determined under the fair value based method, net of income                    taxes |                                                 |       | 0 |   |   | (37,320 | ) |
|                                         |                                                                                                                                                                    |                                                 |       |   |   |   |   |
| Pro                      forma net income    |                                                                                                                                                                    | $                                                    | 1,157,291  |   | $ | 1,118,659 |   |
|                                         |                                                                                                                                                                    |                                                 |       |   |   |   |   |
| Earnings                      per share:     |                                                                                                                                                                    |                                                 |       |   |   |   |   |
| Basic                      - as reported     |                                                                                                                                                                    | $                                                    | 0.77       |   | $ | 0.77 |   |
| Basic                      - pro forma       |                                                                                                                                                                    |                                                 | 0.77       |   |   | 0.74 |   |
|                                         |                                                                                                                                                                    |                                                 |       |   |   |   |   |
| Diluted                      - as reported   |                                                                                                                                                                    | $                                                    | 0.75       |   | $ | 0.74 |   |
| Diluted                      - pro forma     |                                                                                                                                                                    |                                                 | 0.75       |   |   | 0.71 |   |

|                                                         |       | **March                  31,****2006** | ** ** | **June                  30,****2005** | ** ** |
|--------------------------------------------------------------|------------|----------------------------------------|------------|---------------------------------------|------------|
| ** **                                                   | ** ** | **(unaudited)**                        | ** ** | ** **                            |       |
| Federal                  Home Loan Bank putable advances     |       |                                   |       |                                  |       |   |   |
| Fixed                  rate of 5.370%, due in February 2011  |       | $                                      | 10,000,000 |                                  | $          | 10,000,000 |   |
| Fixed                  rate of 4.830%, due in July 2011      |       |                                   | 10,000,000 |                                  |       | 10,000,000 |   |
| Fixed                  rate of 2.650%, due in March 2008     |       |                                   |       |                                  |       | 5,000,000 |   |
| Fixed                  rate of 3.268%, due in January 2015   |       |                                   | 8,000,000  |                                  |       | 8,000,000 |   |
| Fixed                  rate of 3.520%, due in May 2015       |       |                                   | 5,000,000  |                                  |       | 5,000,000 |   |
| Fixed                  rate of 4.350%, due in September 2015 |       |                                   | 10,000,000 |                                  |       |   |   |
| Fixed                  rate of 3.700%, due in September 2015 |       |                                   | 10,000,000 |                                  |       |   |   |
| Fixed                  rate of 4.180%, due in March 2016     |       |                                   | 15,000,000 |                                  |       |   |   |
|                                                         |       |                                   |       |                                  |       |   |   |
| Federal                  Home Loan Bank converted advance    |       |                                   |       |                                  |       |   |   |
| Variable                  rate of 4.041%, due in March 2008  |       |                                   |       |                                  |       | 5,000,000 |   |
|                                                         |       |                                   |       |                                  |       |   |   |
| Federal                  Home Loan Bank bullet advances      |       |                                   |       |                                  |       |   |   |
| Fixed                  rate of 3.050%, due in July 2006      |       |                                   | 2,000,000  |                                  |       | 2,000,000 |   |
| Fixed                  rate of 5.040%, due in March 2007     |       |                                   | 2,000,000  |                                  |       |   |   |
|                                                         |       |                                   |       |                                  |       |   |   |
| Total                  Federal Home Loan Bank advances       |       | $                                      | 72,000,000 |                                  | $          | 45,000,000 |   |
|                                                         |       |                                   |       |                                  |       |   |   |
| Weighted                  average rate                       |       |                                   | 4.238      | %                                     |       | 4.062 | % |

----

|                                                                             |       | **Quarter                  Ended March 31, 2006** | ** ** |
|----------------------------------------------------------------------------------|------------|---------------------------------------------------|------------|
| ** **                                                                       | ** ** | **Income**                                        | ** ** | **Weighted-Average                  Shares** | ** ** | **Per                  Share Amount** |   |
|                                                                             |       |                                              |       |   |   |   |   |
| Net                  income                                                      |       | $                                                 | 254,125    |   |   |   |   |   |   |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Basic                  earnings per share                                        |       |                                              |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders                         |       | $                                                 | 254,125    |   |   | 1,486,813 |   | $ | 0.17 |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Effect                  of dilutive securities                                   |       |                                              |       |   |   |   |   |   |   |   |
| Stock                  options                                                   |       |                                              | —    |   |   | 47,028 |   |   |   |   |
| Unvested                  MRP shares                                             |       |                                              | —    |   |   | — |   |   |   |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Diluted                  earnings per share                                      |       |                                              |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders and assumed conversions |       | $                                                 | 254,125    |   |   | 1,533,841 |   | $ | 0.17 |   |

|                                                                             |       | **Quarter                  Ended March 31, 2005** | ** ** |
|----------------------------------------------------------------------------------|------------|---------------------------------------------------|------------|
| ** **                                                                       | ** ** | **Income**                                        | ** ** | **Weighted-Average                  Shares** | ** ** | **Per                  Share Amount** |   |
|                                                                             |       |                                              |       |   |   |   |   |
| Net                  income                                                      |       | $                                                 | 370,391    |   |   |   |   |   |   |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Basic                  earnings per share                                        |       |                                              |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders                         |       | $                                                 | 370,391    |   |   | 1,502,879 |   | $ | 0.25 |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Effect                  of dilutive securities                                   |       |                                              |       |   |   |   |   |   |   |   |
| Stock                  options                                                   |       |                                              | —    |   |   | 52,015 |   |   |   |   |
| Unvested                  MRP shares                                             |       |                                              | —    |   |   | 5,653 |   |   |   |   |
|                                                                             |       |                                              |       |   |   |   |   |   |   |   |
| Diluted                  earnings per share                                      |       |                                              |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders and assumed conversions |       | $                                                 | 370,391    |   |   | 1,560,547 |   | $ | 0.24 |   |

----

|                                                                             |       | **Nine                  months Ended March 31, 2006** | ** ** |
|----------------------------------------------------------------------------------|------------|-------------------------------------------------------|------------|
| ** **                                                                       | ** ** | **Income**                                            | ** ** | **Weighted-Average                  Shares** | ** ** | **Per                  Share Amount** |   |
|                                                                             |       |                                                  |       |   |   |   |   |
| Net                  income                                                      |       | $                                                     | 1,157,291  |   |   |   |   |   |   |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Basic                  earnings per share                                        |       |                                                  |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders                         |       | $                                                     | 1,157,291  |   |   | 1,498,459 |   | $ | 0.77 |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Effect                  of dilutive securities                                   |       |                                                  |       |   |   |   |   |   |   |   |
| Stock                  options                                                   |       |                                                  | —    |   |   | 51,071 |   |   |   |   |
| Unvested                  MRP shares                                             |       |                                                  | —    |   |   | — |   |   |   |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Diluted                  earnings per share                                      |       |                                                  |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders and assumed conversions |       | $                                                     | 1,157,291  |   |   | 1,549,530 |   | $ | 0.75 |   |

|                                                                             |       | **Nine                  months Ended March 31, 2005** | ** ** |
|----------------------------------------------------------------------------------|------------|-------------------------------------------------------|------------|
| ** **                                                                       | ** ** | **Income**                                            | ** ** | **Weighted-Average                  Shares** | ** ** | **Per                  Share Amount** |   |
|                                                                             |       |                                                  |       |   |   |   |   |
| Net                  income                                                      |       | $                                                     | 1,155,979  |   |   |   |   |   |   |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Basic                  earnings per share                                        |       |                                                  |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders                         |       | $                                                     | 1,155,979  |   |   | 1,503,922 |   | $ | 0.77 |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Effect                  of dilutive securities                                   |       |                                                  |       |   |   |   |   |   |   |   |
| Stock                  options                                                   |       |                                                  | —    |   |   | 58,183 |   |   |   |   |
| Unvested                  MRP shares                                             |       |                                                  | —    |   |   | 5,646 |   |   |   |   |
|                                                                             |       |                                                  |       |   |   |   |   |   |   |   |
| Diluted                  earnings per share                                      |       |                                                  |       |   |   |   |   |   |   |   |
| Income                  available to common stockholders and assumed conversions |       | $                                                     | 1,155,979  |   |   | 1,567,751 |   | $ | 0.74 |   |

----

----

|                                                                    |   | **March                  31, 2006****(unaudited)** | ** ** | **June                  30,****2005** |   |
|-------------------------------------------------------------------------|--------|----------------------------------------------------|------------|---------------------------------------|--------|
|                                                                    |   |                                               |       |                                  |   |
| Loans                  accounted for on a nonaccrual basis              |   | $                                                  | 450,000    |                                  | $      | 419,000 |   |
| Accruing                  loans past due 90 days or more                |   |                                               | —    |                                  |   | — |   |
| Nonperforming                  loans                                    |   | $                                                  | 450,000    |                                  | $      | 419,000 |   |
| Real                  estate owned (net)                                |   |                                               | —    |                                  |   | — |   |
| Other                  repossessed assets                               |   |                                               | —    |                                  | $      | 45,000 |   |
| Total                  nonperforming assets                             |   | $                                                  | 450,000    |                                  | $      | 464,000 |   |
|                                                                    |   |                                               |       |                                  |   |   |   |
| Restructured                  loans                                     |   |                                               | —    |                                  |   | — |   |
|                                                                    |   |                                               |       |                                  |   |   |   |
| Total                  loans delinquent 90 days or more to total loans  |   |                                               | 0.25       | %                                     |   | 0.27 | % |
| Total                  loans delinquent 90 days or more to total assets |   |                                               | 0.16       | %                                     |   | 0.15 | % |
| Total                  nonperforming assets to total assets             |   |                                               | 0.16       | %                                     |   | 0.17 | % |

----

----

----

|                                                       |       | **Actual**                                  | ** ** | **Regulatory                  Minimum Required Capital** | ** ** | **Well                  Capitalized per 12 CFR Part 565** | ** ** |
|------------------------------------------------------------|------------|---------------------------------------------|------------|----------------------------------------------------------|------------|-----------------------------------------------------------|------------|
| ** **                                                 | ** ** | **Amount**                                  | ** ** | **Ratio**                                                | ** ** | **Amount**                                                | ** ** | **Ratio** | ** ** | **Amount** | ** ** | **Ratio** | ** ** |
| ** **                                                 | ** ** | **(Dollars                  in Thousands)** |       |
| As                  of March 31, 2006 (unaudited)          |       |                                        |       |                                                     |       |                                                      |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  capital (to risk weighted assets)   |       | $                                           | 25,272     |                                                     |       | 12.83                                                     | %          | $ | 15,763 |   |   | 8.00 | % | $ | 19,704 |   |   | 10.00 | % |
| Tier                  I capital (to risk weighted assets)  |       |                                        | 26,106     |                                                     |       | 12.45                                                     |       |   | 7,881 |   |   | 4.00 |   |   | 11,822 |   |   | 6.00 |   |
| Tier                  I capital (to adjusted total assets) |       |                                        | 26,106     |                                                     |       | 9.09                                                      |       |   | 11,489 |   |   | 4.00 |   |   | 14,361 |   |   | 5.00 |   |
|                                                       |       |                                        |       |                                                     |       |                                                      |       |   |   |   |   |   |   |   |   |   |   |   |   |
| As                  of June 30, 2005                       |       |                                        |       |                                                     |       |                                                      |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                  capital (to risk weighted assets)   |       | $                                           | 25,429     |                                                     |       | 15.01                                                     | %          | $ | 13,554 |   |   | 8.00 | % |   | 16,492 |   |   | 10.00 | % |
| Tier                  I capital (to risk weighted assets)  |       |                                        | 26,495     |                                                     |       | 14.59                                                     |       |   | 6,777 |   |   | 4.00 |   |   | 10,165 |   |   | 6.00 |   |
| Tier                  I capital (to adjusted total assets) |       |                                        | 26,495     |                                                     |       | 9.63                                                      |       |   | 11,000 |   |   | 4.00 |   |   | 13,751 |   |   | 5.00 |   |

| **Period**                                                  | ** ** | **Total                  Number of Shares Purchased** | ** ** | **Average                  Price Paid per Share** | ** ** | **Total                  Number of Shares Purchased as Part of Publicly Announced Plans                  or                  Programs** | ** ** | **Maximum                  Number of Shares that May Yet Be Purchased Under the Plans or                  Programs** |   |
|-------------------------------------------------------------|------------|-------------------------------------------------------|------------|---------------------------------------------------|------------|-----------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------------------------------------------|--------|
| January                  1, 2006 through January 31, 2006   |       |                                                  | 0          |                                              |       | N/A                                                                                                                                     |       |                                                                                                                 | N/A    |   |   | 38,558 |   |
| February                  1, 2006 through February 28, 2006 |       |                                                  | 20,135     |                                              | $          | 22.32                                                                                                                                   |       |                                                                                                                 | 20,135 |   |   | 18,423 |   |
| March                  1, 2006 through March 31, 2006       |       |                                                  | 285        |                                              | $          | 22.35                                                                                                                                   |       |                                                                                                                 | 285    |   |   | 18,138 |   |
| Total                                                       |       |                                                  | 20,420     |                                              | $          | 22.32                                                                                                                                   |       |                                                                                                                 | 20,420 |   |   |   |   |

----

----

----

| 2.1                         | Agreement                and Plan of Merger, dated April 24, 2006, by and between First Bancorp                of                Indiana, Inc. and Home Building Bancorp, Inc. (incorporated by reference                to the exhibits to the Current Report on Form 8-K filed on April                25,                2006.) |
|--------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  31.1                       | Rule                13a-14(a)/15d-14(a) Chief Executive Officer                Certification. |
|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|
| 31.2                        | Rule                13a-14(a)/15d-14(a) Chief Financial Officer                Certification. |
|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|
| 32.0         | Section                1350 Certifications. |
|------------------------------------------------------|---------------------------------------------|

----

|                                     |                                                                                               |                               |
|------------------------------------------|----------------------------------------------------------------------------------------------------|------------------------------------|
| Dated:                May 15, 2006  | By:                                                                                      | /s/                Michael H. Head |
|                                     | Michael H. HeadPresident and Chief Executive Officer(principal                  executive officer) |

|                                    |                                                                                                                                                                    |                               |
|------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------|
| Dated:                May 15, 2006 | By:                                                                                                                                                           | /s/                George J. Smith |
|                               | George                  J. SmithTreasurer                  and Chief Financial Officerprincipal                    financial and accounting                    officer) |

----