Ameriana Bancorp 8K Regulation FD Disclosure | ASBI 19 May 06

BANCORP

C H A R T I N G A N E W C O U R S E

Exhibit 99.1

One-year term:

Jerome J. Gassen

President & Chief Executive Officer,

Ameriana Bancorp

Three-year terms:

R. Scott Hayes

Partner, Hayes Copenhaver

Crider

Michael E. Kent

Private Investor

NOMINEES FOR RE-ELECTION

CONTINUING DIRECTORS

Donald C. Danielson

Vice Chairman, City Securities Corp.

Charles M. (Kim) Drackett, Jr.

Chairman, President & General Manager,

Fairholme

Farms, Inc.

Richard E. Hennessey

Executive Vice President & Chief Financial Officer,

Shiel

Sexton Company, Inc.

Ronald R. Pritzke

Partner, Pritzke & Davis

BOARD LEADERSHIP TRANSITION

Michael E. Kent

Chairman

Ronald R. Pritzke

Vice Chairman

Paul Prior

Director Emeritus

Donald C. Danielson

Former Vice Chairman, remaining on Board

ASSET QUALITY

KEY ACCOMPLISHMENTS

Hired James A. Freeman, Senior Vice President

Commercial Lending -

August 2005

(Credit Risk Certified by Risk Management Association)

Hired Matthew Branstetter, Senior Vice President

and Chief Credit Officer -

March 2006

(Credit Risk Certified by Risk Management Association)

Developed and adopted new loan policy

Improved credit analysis process

Improved portfolio reporting, documentation and

exception tracking

Updated allowance for loan and lease loss

methodology

TOTAL LOANS

$207,885

2003

($ in thousands)

$199,472

2004

$221,126

2005

$219,136

1Q 06

LOAN PORTFOLIO

2004

2005

1Q 06

Residential Mortgage

Commercial Mortgage

Construction Loans

Consumer Loans

Commercial Loans

46%

44%

47%

27%

31%

38%

21%

20%

NON-PERFORMING LOANS

$8,383

2003

($ in thousands)

$5,736

2004

$2,468

2005

$3,060

1Q 06

Net-CHARGE-OFFS (RECOVERIES)

$11,362

2003

($ in thousands)

$1,008

2004

$(2,675)

2005

$(2)

1Q 06

ALLOWANCE FOR LOAN AND LEASE LOSSES

$3,744

2003

($ in thousands)

$3,128

2004

$2,835

2005

$2,912

1Q 06

ALLOWANCE FOR LOAN AND LEASE LOSSES

1.80%

2003

1.57%

2004

1.28%

2005

1.33%

1Q 06

(% of total loans)

KEY STRATEGIES

KEY STRATEGIES

Expand commercial lending

activities

Expand consumer banking activity

Increase mortgage activity

Increase management depth

Improve net interest margin

EXPAND COMMERCIAL LENDING ACTIVITIES

Hired experienced commercial lenders

Focusing on small business and middle

market commercial and industrial lending

Developing full-range of commercial

products

On-line banking, including ACH origination,

sweep processing, wire transfers, balance

transfers

Investment sweeps

Remote capture

EXPAND CONSUMER BANKING ACTIVITY

Introduced new deposit accounts

including “free checking”

Increase products per household

Streamline consumer loan and home

equity lending

Add new products such as Health

Savings Accounts

INCREASE MORTGAGE ACTIVITY

Improve on-line originations

Broaden product offerings

FHA, VA

Fannie Mae “My Community”

loans

Servicing released outlets

Secured experienced mortgage

professional to manage origination process

Add originators in key markets

INCREASE MANAGEMENT DEPTH

Created functional business units

Senior Manager -

Commercial Lending

Chief Credit Officer

New Manager of Investment Center

Vice president -

Manager of Mortgage

Originations

STRATEGY FOR IMPROVING NET INTEREST MARGIN

Reduce funding cost by increasing non-

interest-bearing accounts –“free checking”

Reduce reliance on Federal Home Loan

Bank advances

Use other wholesale funding sources

Reduce investments as a percent of assets

Increase C&I loans

BANCORP

C H A R T I N G A N E W C O U R S E

NASDAQ NM: ASBI

Ameriana Bancorp (ASBI) Inactive 8-KRegulation FD Disclosure