SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997
         OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________
         TO _____________________.

         Commission file number: 0-25910



                           LOGANSPORT FINANCIAL CORP.
               (Exact name of registrant specified in its charter)



                  Indiana                                   35-1945736
         (State or other jurisdiction of                 (I.R.S. Employer
         incorporation or organization)               Identification Number)


                                723 East Broadway
                                  P.O. Box 569
                            Logansport, Indiana 46947
                     (Address of principal executive offices
                               including Zip Code)

                                 (219) 722-3855
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  Registrant  was
required  to file  such  report),  and  (2)  has  been  subject  to such  filing
requirements for the past 90 days.
                  Yes [X]    No [ ]

The number of shares of the Registrant's common stock,  without par value, as of
August 1, 1997 was 1,260,620

                                       -1-

<PAGE>



 .
                           Logansport Financial Corp.
                                    Form 10-Q
                                      Index


           Page No.

PART 1.  FINANCIAL INFORMATION
Item 1.    Financial Statements                                                3

           Consolidated    Condensed   Statement   of   Financial
           Condition  as  of  June  30,  1997  and  December  31,
           1996 (Unaudited)

           Consolidated  Condensed  Statement  of Income  for the
           three  and six  months  ended  June 30,  1997 and 1996
           (Unaudited)

           Consolidated   Condensed   Statement   of  Changes  in
           Shareholders' Equity for the six months ended June 30,
           1997 and 1996 (Unaudited)

           Consolidated Condensed Statement of Cash Flows for the
           six months ended June 30, 1997 and 1996 (Unaudited)

           Notes to Consolidated Financial Statements                          8

Item 2.    Management's Discussion and Analysis
           of Financial Condition and Results
           of Operations                                                      10

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings                                                  14

Item 4.    Submission of Matters to a Vote of Security Holders                14

Item 6.    Exhibits and Reports of Form 8-K                                   14

SIGNATURES

                                                        -2-

<PAGE>



                    LOGANSPORT FINANCIAL CORP.
     Consolidated Condensed Statement of Financial Condition
                           (Unaudited)

<TABLE>
<CAPTION>
                                                                 June 30,                December 31,
                                                                   1997                      1996
                                                              --------------            ---------------
<S>                                                           <C>                            <C>      
Assets
       Cash                                                   $    1,450,283                 $ 997,552
       Short-term interest bearing deposits                        2,905,651                 2,761,126
                                                                  ----------                ----------
              Total cash and cash equivalents                      4,355,934                 3,758,678
       Interest bearing deposits                                     100,000                   100,000
       Securities available for sale                              14,920,694                14,303,105
       Loans                                                      59,717,570                57,038,066
       Allowance for loan losses                                   (227,628)                 (235,970)
                                                                 -----------               ----------
              Net loans                                           59,489,942                56,802,096
       Real estate owned                                               8,000
       Premises and equipment                                        462,441                   476,325
       Federal Home Loan Bank stock, at cost                         494,000                   386,500
       Cash value of life insurance                                1,058,242                 1,040,242
       Other assets                                                2,262,331                   801,547
                                                               -------------                  --------

              Total assets                                      $ 83,151,584              $ 77,668,493
                                                                 ===========               ===========

Liabilities
       Deposits                                                 $ 60,399,596              $ 57,396,200
       Borrowings                                                  4,500,000                 3,400,000
       Dividends payable                                             126,040                   125,638
       Other liabilities                                           2,166,286                 1,319,767
                                                               -------------             -------------

              Total liabilities                                   67,191,922                62,241,605
                                                                 -----------               -----------

Shareholders' Equity
       Common stock                                                7,560,456                 7,518,062
       Retained earnings-substantially restricted                  8,911,202                 8,587,979
       Unearned compensation                                       (460,925)                 (522,382)
       Net unrealized gain (loss) on securities
              available for sale, net of tax                        (51,071)                 (156,771)
                                                                  ----------           ---------------
              Total shareholders' equity                          15,959,662                15,426,888
                                                                 -----------               -----------
              Total liabilities and shareholders' equity        $ 83,151,584              $ 77,668,493
                                                                 ===========               ===========
</TABLE>



                               -3-

<PAGE>



                    LOGANSPORT FINANCIAL CORP.
            Consolidated Condensed Statement of Income
                           (Unaudited)

<TABLE>
<CAPTION>

                                                        Three Months Ended                 Six Months Ended
                                                            June 30,                         June 30,
                                                     1997               1996           1997               1996
                                                     ----               ----           ----               ----
<S>                                                <C>                <C>            <C>                <C>       
Interest Income
       Loans                                       $1,235,099         $1,076,749     $2,432,517         $2,108,294
       Investment securities
              Taxable                                 208,911            252,752        402,318            488,499
              Tax-exempt                               29,525             31,680         60,231             62,534
       Other interest and dividend income              53,370             42,130        106,686             82,687
                                                       ------             ------        -------             ------
              Total interest income                 1,526,905          1,403,311      3,001,752          2,742,014
                                                    ---------          ---------      ---------          ---------
Interest Expense
       Deposits                                       707,487            638,729      1,391,834          1,265,661
       Borrowings                                      53,757             14,985         97,951             28,799
                                                       ------             ------         ------             ------
              Total interest expense                  761,244            653,714      1,489,785          1,294,460
                                                      -------            -------      ---------          ---------

Net Interest Income                                   765,661            749,597      1,511,967          1,447,554
       Provision for losses on loans                    5,000              3,000          8,000              6,000
                                                        -----              -----          -----              -----
Net Interest Income After Provision for
       Losses on Loans                                760,661            746,597      1,503,967          1,441,554
                                                      -------            -------      ---------          ---------

Other Income
       Service charges on deposit accounts             19,046             15,748         37,527             29,086
       Net realized gains (losses) on
              sales of securities                                        (3,364)       (31,527)              7,876
       Recoveries on previously written-
              off securities                            9,709             17,291         13,083             17,291
       Other income                                    12,655             11,463         25,571             22,710
                                                       ------             ------         ------             ------
              Total other income                       41,410             41,138         44,654             76,963
                                                       ------             ------         ------             ------
Other Expenses
       Salaries and employee benefits                 180,937            164,813        352,629            305,557
       Net occupancy expenses                           8,968              8,722         20,298             20,070
       Equipment expenses                               7,656              9,311         17,988             20,385
       Deposit insurance expense                        9,230             29,877         18,195             59,598
       Computer processing fees                        22,457             20,439         45,342             44,014
       Other expenses                                  90,780            101,566        181,690            182,340
                                                       ------            -------        -------            -------
              Total other expenses                    320,028            334,728        636,142            631,964
                                                      -------            -------        -------            -------

Income Before Income Tax                              482,043            453,007        912,479            886,553
       Income tax expense                             179,114            170,314        337,578            329,971
                                                      -------            -------        -------            -------
 Net Income                                          $302,929           $282,693       $574,901           $556,582
                                                     ========           ========       ========           ========
 Earnings per share                                      $.24               $.21          $.46                $.42
                                                         ====               ====          ====                ====
 Weighted average shares outstanding                1,258,767          1,322,500     1,257,577            1,322,500
</TABLE>

                               -4-

<PAGE>



                    LOGANSPORT FINANCIAL CORP.
     Consolidated Condensed Statement of Shareholders' Equity
                           (Unaudited)


                                                       Six Months Ended
                                                          June  30,
                                                 -----------------------------
                                                    1997             1996
                                                 -----------       -----------
Beginning balance                               $ 15,426,888      $ 20,454,270

Net proceeds from exercise of stock options           42,394

Contribution for unearned compensation                                (614,567)

Amortization of unearned compensation                 61,457            30,728

Dividends                                           (251,678)         (264,500)

Net change in unrealized gain (loss)
       on securities available for sale              105,700          (341,446)

Net income                                           574,901           556,582
                                                 -----------       -----------
Ending balance                                  $ 15,959,662      $ 19,821,067
                                                 ===========       ===========


                               -5-

<PAGE>



                    LOGANSPORT FINANCIAL CORP.
          Consolidated Condensed Statement of Cash Flows
                           (Unaudited)

<TABLE>
<CAPTION>

                                                                      Six Months Ended
                                                                         June 30,
                                                                   1997            1996
                                                               -----------     -------------
<S>                                                            <C>                 <C>      
Operating Activities
       Net income                                              $   574,901         $ 556,582
       Adjustments to reconcile net income to
         net cash provided by operating activities
            Provision for loan losses                                8,000             6,000
            Securities (gains) losses                               31,527            (7,876)
            Gain on sale of foreclosed real estate                  (1,136)
            Securities  amortization, net                           42,623            14,260
            Amortization of unearned compensation                   61,457            30,728
            Depreciation                                            19,463            18,417
            Change in
              Other assets                                         (23,113)          399,510
              Other liabilities                                     23,816          (129,684)
                                                               -----------     -------------
              Net cash provided by operating activities            737,538           887,937
                                                               -----------     -------------

Investing Activities
       Purchase of securities available for sale                (3,293,858)       (6,842,172)
       Proceeds from available for sale maturities                 400,000           750,000
       Proceeds from sales of securities                         1,067,562         3,964,115
       Payments on mortgage and asset-backed
        securities                                                 607,288         1,926,203
       Purchase of Federal Home Loan Bank Stock                   (107,500)          (38,300)
         Net changes in loans                                   (2,702,544)       (3,011,088)
       Investment in real estate owned                                (166)
       Purchase of premises and equipment                           (5,579)          (64,184)
                                                               -----------     -------------
              Net cash used by investing activities             (4,034,797)       (3,315,426)
                                                               -----------     -------------
</TABLE>



                               -6-

<PAGE>



                    LOGANSPORT FINANCIAL CORP.
          Consolidated Condensed Statement of Cash Flows
                           (Unaudited)

<TABLE>
<CAPTION>
                                                                  Six Months Ended
                                                                      June 30,
                                                            -----------------------------
                                                               1997               1996
                                                            -----------        ----------
<S>                                                         <C>               <C>        
Financing Activities

       Net change in
              Noninterest-bearing, interest-bearing
                 demand and savings deposits                    643,853         1,309,278
              Certificates of deposit                         2,359,543         1,001,697
              Short-term borrowings                          (1,400,000)
       Payment of Federal Home Loan Bank advances            (6,000,000)
       Proceeds from Federal Home Loan Bank advances          8,500,000         1,000,000
       Contribution for unearned compensation                                    (614,567)
       Proceeds from exercise of stock options                   42,394
       Dividends                                               (251,275)         (264,500)
                                                            -----------        ----------
              Net cash provided by financing
                activities                                    3,894,515         2,431,908
                                                            -----------        ----------
Net Change in Cash and Cash Equivalents                         597,256             4,419

Cash and Cash Equivalents, Beginning of Period                3,758,678         3,242,579
                                                            -----------        ----------
Cash and Cash Equivalents, End of Period                    $ 4,355,934       $ 3,246,998
                                                             ==========        ==========

Additional Cash Flow and Supplementary
       Information
              Interest paid                                  $1,495,777        $1,306,248
              Income tax paid                                   355,105           393,000
              Dividends payable                                 126,040           132,250
</TABLE>



                               -7-

<PAGE>



       NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS



NOTE A:  Basis of Presentation

The unaudited interim  consolidated  condensed financial  statements include the
accounts of Logansport  Financial  Corp.  (the  "Company")  and its  subsidiary,
Logansport Savings Bank, FSB, (the "Bank").

The unaudited  interim  consolidated  condensed  financial  statements have been
prepared in accordance with the instructions to Form 10-Q and, therefore, do not
include  all  information  and  disclosures   required  by  generally   accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,  the  financial  statements  reflect all  adjustments  necessary  to
present fairly the Company's  financial position as of June 30, 1997, results of
operations  for the three and six month periods ended June 30, 1997 and 1996 and
cash flows for the six month periods ended June 30, 1997 and 1996.


NOTE B:  Plan of Conversion

Effective  June 13, 1995,  the Bank  completed its  conversion  from a federally
chartered  mutual savings bank to a federally  chartered stock savings bank (the
"Conversion"),  and became a  wholly-owned  subsidiary  of the  Company.  In the
Conversion, the Company sold 1,322,500 shares of Common Stock, with no par value
("Common  Stock"),  for $10.00 per share and used all proceeds except $3,982,500
to acquire  complete  ownership of the Bank. Net proceeds of the Company's stock
issuance, after costs, were $12,670,006.

At a  meeting  of the  Company's  shareholders  on April 9,  1996,  the Board of
Directors  submitted  for  shareholder  approval a stock option plan (the "Stock
Option Plan"), and at that time made certain awards pursuant to the Stock Option
Plan.  The plan was approved by the Company's  shareholders.  Common Stock in an
aggregate  amount  of 10.0% of the  shares  issued  in the  Conversion  (132,250
shares) were  reserved for issuance  upon the exercise of options  granted under
the Stock  Option Plan.  Options  were  granted  under the Stock Option Plan for
108,691  shares of common stock and will have an exercise  price per share equal
to $12.50, the fair market value of the shares on the date of grant. Pursuant to
the  terms  of the  Option  Plan  and in order  to  ensure  equivalent  economic
consequence to the option holders  following the special cash  distribution paid
by the Company on December 10, 1996, the number of options  granted was adjusted
to 129,340 at a per share  option  price of $10.53.  The  Company  accounts  for
stock-based  compensation as prescribed in Accounting  Principles  Board Opinion
No. 25,  Accounting  for Stock Issued to Employees,  with  appropriate  proforma
disclosures made in the notes to its annual audited financial statements.


                                       -8-

<PAGE>



Additionally,  at a meeting of the Company's shareholders held on April 9, 1996,
the  Board  of  Directors  submitted  for  shareholder   approval  a  Management
Recognition  and Retention  Plan and Trust (the "RRP").  The RRP was approved by
the  shareholders.  The Bank  will  contribute  funds to the RRP to enable it to
acquire an  aggregate  amount of Common  Stock equal to up to 4.0% of the shares
issued in the Conversion (52,900 shares), either directly from the Company or in
the open market.  Shares awarded under the RRP will vest at a rate of 20% at the
end of each full twelve months of service with the Bank after the date of grant.
As of April 9, 1996, the number of shares awarded under the RRP was 46,675.  All
of these shares were acquired in the open market for an average price of $13.17.

NOTE C: Cash Dividends and Earnings Per Share

A cash dividend of $.10 per common share was declared on June  10,1997,  payable
on July 10, 1997, to  stockholders  of record as of June 24, 1997.  Earnings per
share was computed  based upon the weighted  average  common shares  outstanding
during the period subsequent to the Bank's conversion to a stock savings bank on
June 13, 1995.




























                                       -9-

<PAGE>



Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operation.


Financial Condition

Total  assets were $83.2  million at June 30,1997  compared to $77.7  million at
December 31,  1996,  an increase of $5.5  million or 7.1%.  Funds were  obtained
primarily  from a growth in deposits of $3.0  million and an increase in Federal
Home Loan Bank  advances,  and were  invested  in  securities,  loans and a $1.5
million  equity  investment in a limited  partnership  which will  construct and
manage residential real estate apartments for low and moderate income residents.
The  investment  reflects  a  49.5%  participation  in  the  partnership.   This
affordable  housing project is expected to generate  significant tax credits for
the Bank in future years. The investment resulted in an increase to total assets
of $1.5 million with a corresponding increase in other liabilities;  however, no
capital contributions were required at inception.  Capital contributions are due
over the course of the next twelve years and will be used to repay principal and
interest  of  tax  exempt  bonds  and  equity   bridge  loans  used  to  finance
construction  of the  development.  Securities  increased  slightly  from  $14.3
million  at  December  31,  1996 to $14.9  million  at June  30,1997.  Net loans
increased  $2.7  million,  or 4.7%,  from $56.8  million at December 31, 1996 to
$59.5  million at June 30,  1997.  Loan  demand was  stronger  during the second
quarter and pay-offs slowed resulting in the increase.

Deposits  were  $60.4  million  at June  30,1997  compared  to $57.4  million at
December 31,  1996,  or an increase of $3.0 million in the first two quarters of
1997.  During the quarter ended March 31, 1997,  the  Company's  note to another
bank was repaid with the proceeds of a Bank  dividend to the  Company.  The Bank
currently has a $1.5 million  putable  advance due in two years from the Federal
Home Loan Bank.  The rate is  guaranteed  for one year at which time the Federal
Home Loan Bank may convert the advance to a periodic adjustable advance. If this
is done the Bank has the option to prepay the  advance  without a fee.  The Bank
also has $3.0 million in short-term adjustable rate advances.

Shareholders'  equity was $16.0  million at June 30,  1997 and $15.4  million at
December 31, 1996. The payment of dividends,  a decrease in the unrealized  loss
on securities available for sale, the amortization of unearned compensation, the
exercise of stock options,  and net income  combined to result in an increase of
$532,774 for the six months ended June 30, 1997.










                                      -10-

<PAGE>



Results of Operations

Comparison of the Three Months Ended June 30, 1997 and June 30, 1996

Net income for the Company for the three  months ended June 30,1997 was $302,929
compared  with  $282,693 for the three  months  ended June 30, 1996.  This is an
increase of $20,236 or 7.2%. Net interest income  increased  $16,064 while total
other  expenses   decreased  $14,700  and  taxes  increased  $8,800.  The  major
contributor  to the  increase  in  interest  income  was the  growth in the loan
portfolio  during the past calendar  year.  Loans were $52.9 million at June 30,
1996  compared  to $59.7  million at June 30,  1997.  However,  a  corresponding
increase in  deposits  from $54.8  million at June 30, 1996 to $60.4  million at
June 30, 1997 resulted in little change in overall net interest income.

The  provision  for loan losses was $5,000 for the three  months  ended June 30,
1997 and $3,000 for the quarter ended June 30, 1996.  Net loan  chargeoffs  were
$16,300  for the three  months  ended June 30,  1997.  No loan  chargeoffs  were
recorded for the 1996 period.  Non-performing  loans  increased to $500,000,  or
0.84% of loans at June 30, 1997 from $406,000, or 0.71% of loans at December 31,
1996. Loan loss reserves  amounted to $227,628,  or 0.38% of total loans at June
30, 1997 compared to $235,970, or 0.41% at December 31, 1996.

Other  income  increased by $272.  During the quarter,  a recovery of $9,709 was
recorded  on a  security  that  had  been  written-off  previously  compared  to
recoveries of $17,291 for the 1996 quarter.  Service charges on deposit accounts
increased by $3,298 or 20.9% from June 30, 1997 over June 30,  1996.  Securities
losses of $3,364 were recorded for the three months ended June 30, 1996.

Total other expenses  decreased $14,700 or 4.4 % in the three months ending June
30, 1997  compared to June 30, 1996.  Salaries and  employee  benefits  increase
$16,124 or 9.8 %. Approximately $5,000 is the result of the FICA expense related
to the  Bank's RRP plan  adopted  April 9,  1996.  The  balance is the result of
additional  accruals for the 1997 year-end bonus plan. Deposit insurance expense
decreased  $20,647 or 69.1% from $29,877 for the quarter  ended June 30, 1996 to
$9,230 for the  quarter  ending  June 30,  1997.  This  reduction  is due to the
recapitalization  of the Savings  Association  Insurance  Fund and the resulting
decline in the  assessment.  The  decrease  in other  expenses  of $10,786 is an
offset to the increase  reflected in the first quarter of 1997 and is the result
of the timing of payments which were made for legal  expenses,  accounting  fees
and the printing of the annual report.

The  Company's  effective  tax rate for the three months ended June 30, 1997 was
37.2% compared to 37.6% for the three months ended June 30,1996.








                                      -11-

<PAGE>





Comparison of the Six Months Ended June 30,1997 and June 30, 1996

Net income for the Company for the six months  ended June 30, 1997 was  $574,901
compared  with  $556,582  for the six  months  ended June 30,  1996.  This is an
increase of $18,319 or 3.3%.  Interest income increased  $259,738 as a result of
the increase in the loan  portfolio and a favorable  interest rate  environment.
Interest  expense  increased  only $195,325  resulting in an  improvement in net
interest  income of $64,413 or 4.4% when comparing the six months ended June 30,
1997 to the six months ended June 30, 1996.

The  provision for loan losses was $8,000 for the six months ended June 30, 1997
and $6,000 for the six months  ended  June 30,  1996.  There were no  properties
taken into real estate owned in the period ended June 30, 1996 and no loans were
written off. Two properties were taken into real estate owned for the six months
ended  June 30,  1997 and one was  written  down as  discussed  in the  previous
section.

Other income decreased by $32,309 or 42.0% primarily because of the $31,527 loss
on the sale of  available  for  sale  securities.  Service  charges  on  deposit
accounts  increased $8,441 or 29.0%. This increase is a result of an increase in
the  volume of  transaction  accounts.  There  was a  nonrecurring  recovery  on
securities  previously  written off of $13,083 for the six months ended June 30,
1997 and $17,291 for the period ending June 30, 1996.

Total other  expenses  increased  only $4,178 or .66% for the six months  ending
June 30,  1997  compared  to the six  months  ended  June 30,  1996.  Salary and
employee  benefits  increased  $47,072 or 15.4%. This is primarily the result of
the  amortization  of the  expense  associated  with the RRP Plan.  The plan was
effective  for three  months of the six months  period  ending June 30, 1996 and
resulted in  amortization  expense of $30,728 for the six months  ended June 30,
1996.  The plan,  for the six months  period  ending June 30, 1997,  resulted in
amortization expense of $61,457.  These increases were offset by the decrease in
deposit insurance expense of $41,403.  Deposit insurance expense was $59,598 for
the six months  ending June 30, 1996 and $18,195 for the six months  ending June
30, 1997. All other expenses were generally consistent for the two periods.


The Company's effective tax rate for the six months ended June 30,1997 was 37.0%
compared to 37.2% for the six months ended June 30, 1996.







                                      -12-

<PAGE>



Capital Resources

Pursuant to OTS capital regulations,  savings associations must currently meet a
1.5%  tangible  capital  requirement,  a 3%  leverage  ratio  (or core  capital)
requirement,  and total risk-based capital to risk- weighted assets ratio of 8%.
At June 30, 1997,  the Bank's  tangible  capital  ratio was 18.9%,  its leverage
ratio was 18.9%, and its risk-based  capital to  risk-weighted  assets ratio was
35.2%.  Therefore,  the Bank's capital significantly exceeded all of the capital
requirements  currently  in effect.  The  following  table  provides the minimum
regulatory  capital  requirements  and the Bank's  capital ratios as of June 30,
1997.

Capital Standard         Required      Bank's          Excess
----------------         --------      ------          ------
Tangible (1.5%)        $1,242,000    $15,679,000     $14,437,000
Core (3.0%)             2,483,000     15,679,000      13,196,000
Risk-based (8.0%)       3,614,000     15,907,000      12,293,000

Liquidity

The standard measure of liquidity for savings  associations is the ratio of cash
and eligible  investments to a certain  percentage of net  withdrawable  savings
account  and  borrowings  due within one year.  The  minimum  required  ratio is
currently  set by the  Office of Thrift  Supervision  at 5%, of which 1% must be
comprised of short-term  investments.  At June 30, 1997 the Company's  ratio was
10.12%, of which 7.08% was comprised of short-term investments.


                                      -13-

<PAGE>



Part II.  OTHER INFORMATION

Item 1.  Legal Proceedings

Neither the Bank nor the Company were, during the three-month  period ended June
30, 1997,  involved in any legal proceeding of a material  nature.  From time to
time, the Bank is a party to legal proceedings  wherein it enforces its security
interests in connection with its mortgage and other loans.

Item 4. Submission of Matters to a Vote of Security Holders

On April 8, 1997,  the Company held its 1996 annual meeting of  shareholders.  A
total of 948,828 shares,  or 75.52% of the Company's  shares  outstanding,  were
represented at the meeting either in person or by proxy.

Two directors  were  nominated by the Company's  Board of Directors to serve new
three year terms or until their  successors are duly chosen and qualified.  This
was the only item of business at the  meeting.  These  nominees,  and the voting
results for each are listed below.

<TABLE>
<CAPTION>

                                                                                   Broker
                                                For        Withheld    Abstain    Non-Votes
                                              -------      --------    -------    ---------
<S>                                           <C>            <C>          <C>         <C>
Norbert E. Adrian (three year term)           946,803        2,025        0           0
William Tincher, Jr. (three year term)        948,328          500        0           0
</TABLE>


The  continuing  directors  and the  remaining  amount of their terms are listed
below.

Donald G. Pollitt (one year term)             David G. Wihebrink (two year term)
Susanne S. Ridlen (one year term)             Thomas G. Williams (two year term)
Charles J. Evans (two year term)

Item 6.  Exhibits and Reports on Form 8-K

         (a)      Exhibits.

                  The  following  exhibits  are  attached to this report on Form
                  10-Q:

                  3(1)     The Articles of  Incorporation  of the Registrant are
                           incorporated  by  reference  to  Exhibit  3(1) to the
                           Registration  Statement on Form  S-1(Registration No.
                           33-89788)

                  3(2)     The Code of By-Laws of the Registrant

                  (27)     Financial Data Schedule

         (b)      Reports on Form 8-K.

                  The Registrant  filed no reports on Form 8-K during the fiscal
                  quarter ended June 30,1997.

                                      -14-

<PAGE>


                                   Signatures


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  Registrant  has duly  caused  this  report  to be  signed  on behalf of the
undersigned thereto duly authorized.

                                          Logansport Financial Corp.



Date: August 12, 1997              By:    /s/ Thomas G. Williams
                                          --------------------------------------
                                                   Thomas G. Williams, President
                                                   and Chief Executive Officer


Date: August 12, 1997              By:    /s/ Dottye Robeson
                                          --------------------------------------
                                                   Dottye Robeson, Secretary and
                                                   Treasurer



                                      -15-