MUNSTER | NorthWest Indiana Bancorp, the parent company of Peoples Bank, announced a dividend of 25 cents per share.

The dividend is payable on Oct. 3 to anyone who owned the NWIN stock on Sept. 26.

Peoples Bank, which has 14 locations in Lake and Porter counties, most recently reported earnings of $1.9 million, or 69 cents per basic and diluted share. The Munster-based bank saw profits grow by 14.2 percent in the three-month period that ended on June 30.

The bank's common stock is traded on the OTC Bulletin under the NWIN symbol.

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Business reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.