Ameriana Bancorp (ASBI) 8-K Regulation FD Disclosure

Ameriana Bancorp

Annual Meeting of

Shareholders

May 15, 2008

Exhibit 99.1

Forward-Looking Statement

This

presentation

contains

forward-looking

statements,

which

include

statements

about

Ameriana’s

future

financial

performance,

business

plans

and

strategies.

Forward-

looking

statements

involve

future

risks

and

uncertainties,

because

of

factors

that

could

cause

actual

results

to

differ

materially

from

those

expressed

or

implied.

Specific

risk

factors

and

other

uncertainties

that

could

affect

the

accuracy

of

forward-looking

statements

are

included

in

Ameriana’s

Form

10-K

for

the

year

ended

December

31,

2007.

Background Information

•

Headquarters –

New Castle, Indiana

Henry County

•

14 Locations

-

12 Banking Centers

-

1 Loan Production Center

-

1 Insurance Office

•

# 1 Market Share in Henry County –

34.19%

-

$210.6 Million in Deposits

•

# 4 Market Share in Hancock County –

9.65%

-

$56.9 Million in Deposits

(Source:  FDIC)

Ameriana Bancorp -

Profile

•

Line of Business Focus

–

Commercial/Business Lending

–

Mortgage Banking

–

Consumer Lending and Deposits

–

Ameriana Financial Services

–

Ameriana Insurance

•

Experienced Management Team

•

Enterprise Risk Management

Ameriana Bancorp Profile

“

Our mission and promise is to

engage every customer in

genuine and innovative ways, to

truly understand and embrace

their individual needs and

desires, so we can provide them

with the best financial solutions

and direction.”

Ameriana Bancorp –

Profile

(as of 12/31/2007)

•

Ameriana Bank

($ in 000s)

-

Total Assets

-

$425,068

-

Total Loans

-

$296,951

-

Total Deposits

-

$315,115

•

Ameriana Financial

-

Assets under Management

-

$  45,702

•

Ameriana Insurance

-

Total Customers

-

3,740

-

P & C Coverage

-

$500,000+

Ameriana

2007 Financial Highlights

•

Net Income of $1.2 million compared to

$970,000 loss in 2006

•

Net Interest Margin improved by 45 basis

points

•

Achieved 18.1% loan portfolio growth

•

Shrank the Investment Portfolio by

48.6%

to 15.6% of total assets

•

Settled long-standing litigation related to

lease-pool purchases

Key Objectives for 2007

•

Maintain Soundness

•

Improve Profitability

•

Focus on Loan Growth

•

Increase Name Recognition

•

Expand in Key Markets

Maintain Soundness

$18,009

$15,841

$9,908

$9,426

$8,939

2004

2005

2006

2007

1Q 2008

Classified and Criticized Loans

($ in thousands)

Maintain Soundness

$5,736

$2,466

$3,326

$2,638

$4,557

2004

2005

2006

2007

Q1 2008

Non-Performing Loans

($ in thousands)

Maintain Soundness

$3,128

$2,967

$2,616

$2,677

$2,909

2004

2005

2006

2007

1Q 2008

Allowance for Loan Losses

($ in thousands)

Maintain Soundness

1.57%

1.28%

1.04%

0.90%

0.97%

2004

2005

2006

2007

1Q 2008

Allowance for Loan Losses

(% of total loans)

Improve Profitability

Continue to change the mix of earning assets

19%

2%

12%

36%

32%

28%

1%

12%

22%

37%

(% of earning assets)

27%

1%

11%

25%

36%

Residential Mortgage Loans

Commercial

Loans

Consumer Loans

Construction Loans

Total Investments

2006

2007

1Q 2008

Improve Profitability

2004

2005

2006

2007

($ in thousands)

$10,765

$9,787

$8,801

$9,822

Net Interest Income

Improve Profitability

2.95%

2.57%

2.29%

2.74%

2004

2005

2006

2007

Net Interest Margin

(Net Interest Income presented on a tax equivalent basis as a % of

average interest-

earning assets)

Focus on Loan Growth

$199,786

$221,126

$251,885

$296,950

$298,467

2004

2005

2006

2007

1Q 2008

($ in thousands)

Increase Awareness

Created a logo that positions Ameriana

between traditional community banks and

larger financial institutions.

Increase Awareness

The new logo was designed to reflect

these attributes:

A bank where each and every customer is

embraced by new thinking and approaches which

are grounded in genuine American and Midwestern

values.

A progressive and responsive,

yet plain-spoken and personal community bank.

Increase Awareness

Expand in Key Markets

Greenfield Banking Center Redesign & Remodeling

Before

Under Construction

As Finished

Expand In Key Markets

Carmel

Fishers

Expand In Key Markets

•

Continue to focus on suburban

markets of Indianapolis

•

Evaluating several opportunities

for expansion in 2009 and

beyond

Industry Challenges for 2008

•

Residential

–

Sub-prime mortgages disrupt the mortgage and

financial markets

–

Increased levels of residential foreclosures

nationwide

–

Decreasing property values (20-40% declines in

appraised values)

–

Significantly increased sale times

–

Tightened secondary market and PMI standards

–

Government intervention may force write-downs

on loans in foreclosure

Industry Challenges for 2008

•

Commercial

–

Deterioration of credit quality

–

Higher Industry NPAs

–

Higher provision expenses

–

Slowing absorption rates

–

Declining appraised values

–

Deterioration of capital markets

Industry Challenges for 2008

•

Margins

–

Declining interest rates squeezing

margins

–

Consumer preferences for short-term

deposit accounts

–

Higher cost for funds,

i.e. brokered CDs

Industry Challenges For 2008

Significant Decline in Financial

Stocks

Change %

1 Year

3 Years

SNL Banks and Thrifts

(26.92)

(15.23)

SNL Banks

(25.73)

(13.57)

SNL Thrifts

(40.52)

(33.30)

KBW Banks

(26.02)

(11.91)

S & P Banks

(35.44)

(28.11)

(Source: SNL Financial)

Ameriana –

2008 Key Objectives

•

Soundness

–

Manage NPAs

and OREO

–

Minimize losses

–

Work with borrowers in distress if possible

–

Utilize skills of Special Assets Manager and

Chief Credit Officer to manage criticized and

classified assets

–

Ensure adequacy of ALL

–

Preserve capital

Ameriana –

2008 Key Objectives

•

Profitability

–

Continue to improve Net Interest Margin

–

Increase Net Interest Income by increasing

commercial loans

–

Manage expenses

–

Grow other income from Ameriana Financial

Services and Ameriana Insurance

Ameriana –

2008 Key Objectives

•

Growth

–

Completion of Greenfield remodeling project July 2008

–

Opening of Fishers Banking Center in September 2008

–

Opening of Carmel Banking Center in November 2008

–

Continue to evaluate opportunities for 2009 and

beyond expansion

Why Invest in Ameriana?

•

Credit quality is stable

•

Strong Risk Management

•

Outlook for earnings growth is positive

•

Business unit strategies are focused on managed

growth

•

Long-term corporate strategies are consistent with

improving Shareholder Value

NASDAQ: ASBI