|EXHIBIT 31.2



CERTIFICATION



I,
Mary Jo David, certify that:
|----------------------------------------------------------------

| | 1. |  | I
have reviewed this quarterly report on Form 10-Q of LSB Financial Corp. (the
          Registrant);
| | -- |  | -------------------------------------------------------------------------------------------------------

| | 2. |  | Based
on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statement were made, not misleading with respect to the
period covered by this report;
| | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3. |  | Based
on my knowledge, the consolidated financial statements, and other financial information
included in this report, fairly present in all material respects the consolidated
financial condition, results of operations and cash flows of the Registrant as of, and
for, the periods presented in this report;
| | -- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. |  | The
Registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d15(e)) for the registrant and have:
| | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | a) |  | designed
such disclosure controls and procedures, or caused such disclosure           controls and
procedures to be designed under our supervision, to ensure that           material
information relating to the Registrant, including its consolidated
          subsidiaries, is made known to us by others within those entities, particularly
          during the period in which this report is being prepared;
| |  | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | b) |  | evaluated
the effectiveness of the Registrants disclosure controls and           procedures
and presented in this report our conclusions about the effectiveness           of the
disclosure controls and procedures as of the end of the period covered by           this
report based on such evaluation; and
| |  | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | c) |  | disclosed
in this report any changes in the Registrants internal control           over
financial reporting that occurred during the Registrants most recent
          fiscal quarter that has materially affected, or is reasonably likely to
          materially affect, the Registrants internal control over financial
          reporting;
| |  | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5. |  | The
Registrants other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the Registrants
auditors and the audit committee of Registrants board of directors (or persons
performing the equivalent functions):
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | a) |  | all
significant deficiencies and material weaknesses in the design or operation           of
internal control over financial reporting which are reasonably likely to
          adversely affect the Registrants ability to record, process, summarize
and           report financial information; and
| |  | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |  | b) |  | any
fraud, whether of not material, that involves management or other employees           who
have a significant role in the Registrants internal control over
          financial reporting.
| |  | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date:   May 9, 2005
          
|--------------------------------------------

| |  | /s/ Mary Jo David
Mary Jo DavidVice President and Chief Financial Officer
| |  | ---------------------------------------------------------------------------------------------