DEFERRED COMPENSATION
                           AGREEMENT BETWEEN
                     LOGANSPORT SAVINGS BANK, FSB
                                  AND
                          DAVID G. WIHEBRINK

     THIS AGREEMENT, dated and effective as of April 12, 2000, although executed
and delivered on the date set forth  immediately  following Article V hereof, by
and between  Logansport  Savings Bank,  FSB (the "Bank") and David G.  Wihebrink
(the "Employee"),

                              W I T N E S S E T H:

     WHEREAS, the Employee is now serving as President of the Bank; and

     WHEREAS,  the Bank desires to have the benefit of the Employee's  continued
loyalty, service and leadership until his retirement; and

     WHEREAS,  the Bank  desires to provide the Employee  with the  supplemental
retirement  benefit,  to be paid  upon his  retirement  in order to  induce  the
Employee to remain  with the Bank and to devote his highest  skill and energy to
the discharge of his employment duties; and

     WHEREAS,  the parties desire to incorporate  their entire agreement in this
writing;

     NOW,  THEREFORE,  in  consideration  of the premises,  the mutual covenants
herein  contained and in further  consideration of each act done pursuant hereto
by either of the  parties,  the  parties  enter into the  following  Articles of
Agreement:

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                                    ARTICLE I

                                   DEFINITIONS

     Section 1.01. Account.  The term "Account" means the account maintained for
the Employee under this Agreement,  which is credited in each calendar year with
amounts determined pursuant to Article II of this Agreement.

     Section 1.02.  Administrator.  The  term  "Administrator"  means the Board,
which shall have the sole  authority  to manage and control  the  operation  and
administration of this Agreement.

     Section 1.03.  Board.  The term "Board" means the Board of Directors of the
Bank.  Whenever the provisions of this Agreement require action by the Board, it
may be taken by the Executive  Committee of the Board or by an individual who is
designated  by the Board to take  action on its  behalf  with the same force and
effect as though taken by the entire Board.

     Section 1.04. Bank. The term "Bank" means Logansport Savings Bank, FSB.

     Section 1.05.  Effective  Date. The term  "Effective  Date" means April 12,
2000.

     Section 1.06. Employee. The term "Employee" means David G. Wihebrink.

     Section 1.07. Plan Year. The Term "Plan Year" means the consecutive  twelve
(12) month period beginning each January 1 and ending on the following  December
31.

     Section  1.08.   Retirement  Age.  The  term  "Retirement  Age"  means  age
sixty-five (65).

     Section  1.09.   Termination  of  Employment.   The  term  "Termination  of
Employment" means the date on which the Employee, prior to the attainment of his
Retirement Age,  retires,  resigns or otherwise,  voluntarily or  involuntarily,
terminates his full-time  employment with the Bank. The Employee shall be deemed
to have  terminated his full-time  employment with the Bank if he incurs a Total
Disability.

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     Section 1.10.  Total   Disability.  The  term  "Total  Disability"  means a
physical or mental  disability of such character which is  sufficiently  serious
and permanent as to prevent the Employee from  performing  his normal duties for
the Bank.

                                   ARTICLE II

                                 THE ALLOCATION

     Section 2.01. Amount of Allocations. On the last day of December, 2000, the
Bank  shall  credit to the  Employee's  Account an amount  equal to  twenty-five
thousand  dollars  ($25,000).  On the last day of each December  beginning  with
December,  2001 and  occurring  before the first to occur of (1) the  Employee's
retirement  following the attainment of his  Retirement  Age, (2) the Employee's
death or (3) the Employee's Termination of Employment,  the Bank shall credit to
the Employee's Account an amount equal to twenty-five thousand dollars ($25,000)
times the  percentage  increase or decrease in  Employee's  base salary above or
below $150,000 for the calendar year for which the allocation is being made. For
the year in which  Employee  retires  following his attainment of his Retirement
Age,  dies, or has a  Termination  of  Employment,  the Bank shall credit to the
Employer's  Account  on the date he  retires  following  the  attainment  of his
Retirement Age, dies or has a Termination of Employment, the pro rata portion of
the annual amount which would otherwise be credited to Employee on December 31st
of that year had he not retired after reaching his Retirement Age, died or had a
Termination of Employment  during that year. Each allocation  under this Section
2.01 shall be deemed to have been made for purposes of computing  interest under
Section 2.02 of this Agreement beginning on the required allocation date.

     Section 2.02. Allocation of Interest.  After the end of each Plan Year, and
on a pro rata basis throughout the next calendar year, immediately following the
end of each Plan Year, Bank shall

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credit the  Employee's  Account,  with  interest,  compounded  annually,  on the
undistributed  balance then held in his Account. The annual rate of interest for
each  Plan Year  shall be equal to the  highest  certificate  of  deposit  rates
offered by the Bank during the year  preceding the year in which the interest is
to be  allocated.  Interest with respect to any  allocations  made during a Plan
Year shall accrue from the date of allocation.

                                   ARTICLE III

                                    BENEFITS

     Section 3.01.  Death Benefits.  Upon the death of the Employee prior to the
attainment of his Retirement Age or prior to his Termination of Employment,  his
beneficiary,  if living, or has contingent beneficiaries,  if not, as determined
pursuant to Section 4.03 of this  Agreement,  shall receive in a single lump sum
cash payment the balance held in the deceased  Employee's Account on the date of
death. In the absence of any such designation or if the designated or contingent
beneficiary  is not living at the death of the  Employee,  the  Account  balance
shall be paid in a lump sum to the  Employee's  spouse,  if any, or, if none, to
his estate.  The lump sum payment  shall be paid within sixty (60) calendar days
after the Employee's death.

     Section  3.02.  Retirement or Prior  Termination  of  Employment.  Upon the
Employee's  retirement  after he attains his  Retirement Age or upon his earlier
Termination of Employment, he shall receive a cash payment of the balance in his
Account at the time of his retirement following the attainment of his Retirement
Age or his earlier Termination of Employment.  The Account balance shall be paid
in  substantially  equal  monthly  installments  over a term of five  (5)  years
commencing  no later  than  sixty (60)  calendar  days  after he  retires  after
attaining his Retirement Age or after his earlier Termination of Employment.

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     Section 3.03.  Death After  Payments  Commence.  If  Employee dies prior to
receiving any or all of the monthly installments contemplated by Section 3.02 of
this Article III, the Account  balance not yet paid to Employee shall be paid in
a lump sum within sixty (60)  calendar  days after the  Employee's  death to his
designated beneficiaries,  if living, or to his contingent beneficiaries, if not
living.  In the  absence  of  any  such  designation  or if  the  designated  or
contingent  beneficiary is not living at the death of the Employee,  the Account
balance  shall be paid in a lump sum to the  Employee's  spouse,  if any, or, if
none, to his estate.  Such payment shall be made within sixty (60) calendar days
after the Employee's death.

     Section 3.04.  Continued Interest Accrual.  Amounts appropriated under this
Agreement pending distribution shall continue to accrue interest at the rate and
in the manner  prescribed by Section 2.02 of the Article II hereof,  which shall
change on January 1st of each year as prescribed by that Section 2.02.

                                   ARTICLE IV

                                 ADMINISTRATION

     Section 4.01. Delegation of Responsibility.  The Administrator may delegate
duties  involved  in the  administration  of  this  Agreement  to the  Executive
Committee  of the Board or to such other  person or persons  whose  services are
deemed by it to be necessary or convenient. However, the ultimate responsibility
for the administration of this Agreement shall remain with the Administrator.

     Section 4.02. Payment of Benefits.  The amounts allocated to the Employee's
Account and payable as benefits under this  Agreement  shall be paid solely from
the general  assets of the Bank. The Employee shall not have any interest in any
specific assets of the Bank under the terms of this

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Agreement.  This Agreement  shall not be considered to create an escrow account,
trust fund or other funding arrangement of any kind or a fiduciary  relationship
between the Employee and the Bank.

     Section 4.03. Designation of Beneficiaries. The Employee shall designate in
a writing filed with the  Secretary of the Bank a  beneficiary  and a contingent
beneficiary to whom death  benefits or any unpaid  benefits due hereunder at the
date of the Employee's death shall be paid.

                                    ARTICLE V

                                  MISCELLANEOUS

     Section 5.01.  Amendment of Agreement.  This  Agreement  cannot be amended,
modified or supplemented in any respect except by a subsequent written agreement
entered into by the parties.

     Section 5.02. Successors and Assigns. This Agreement shall be binding upon,
and shall inure to the benefit of, the Bank, its successors and assigns, and the
Employee, his heirs, legatees and personal representatives.

     Section  5.03.  Non-Alienation.   The  Employee  and  his  beneficiary,  as
determined pursuant to Section 4.03 of this Agreement,  shall not have any right
to  anticipate,  alienate  or assign any rights  under this  Agreement,  and any
effort to do so shall be null and void. The monthly  benefits payable under this
Agreement  shall be exempt from the claims of creditors or other  claimants  and
from all orders,  decrees,  levies and executions and any other legal process to
the fullest extent permitted by law.

     Section  5.04.  Choice  of Law.  This  Agreement  shall  be  construed  and
interpreted  pursuant  to,  and in  accordance  with,  the laws of the  State of
Indiana.

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     Section  5.05.  Waiver.  Failure of any party  hereto to insist upon strict
compliance with any of the terms,  covenants and conditions  hereof shall not be
deemed a waiver or relinquishment of any similar right or power hereunder at any
subsequent time.

     Section 5.06.  Notices.  Any notice required or permitted to be given under
this Agreement shall be sufficient if in writing and if personally  delivered to
the party to whom notice should be given at the addresses set forth below (or at
such other  address for a party as shall be specified  by notice given  pursuant
hereto):

      Bank:                     Logansport Savings Bank, FSB
                                723 East Broadway
                                P.O. Box 569
                                Logansport, Indiana   46947

      Employee:                 David G. Wihebrink
                                3714 Tomlinson Drive
                                Logansport, Indiana   46947

     Section  5.07.  Unenforceability.  If any  provision  of this  Agreement is
deemed  invalid or  unenforceable,  the  remaining  provisions  shall  remain in
effect.

     Section  5.08.  Headings.  The  headings in this  Agreement  are solely for
convenience of reference and shall not affect its interpretation.

     Section  5.09.   Duration  of  this   Agreement.   This   Agreement   shall
automatically  terminate  at the date on which  the  balance  of the  Employee's
Account has been distributed pursuant to the terms of this Agreement.

     Section 5.10. No Employment Contract. This Agreement shall not be construed
as an  agreement,  consideration  or inducement of employment or as affecting in
any manner the rights

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or  obligations  of the Bank or of the Employee to continue or to terminate  the
employment relationship at any time.

     IN WITNESS WHEREOF,  the Bank and Employee have caused this Agreement to be
executed as of this 20th day of March, 2001.

                                  LOGANSPORT SAVINGS BANK, FSB


                                  By: /s/ Charles J. Evans
                                     -------------------------------------------
                                     Charles J. Evans, Senior Vice President


                                      /s/ David G. Wihebrink
                                     -------------------------------------------
                                     David G. Wihebrink

                                                         "Employee"