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LSB Financial Corporation Announces Payment of Cash Dividend

Wednesday, October 24, 2007 - LSB Financial Corp., (NASDAQ:LSBI), (the “Company”), the parent company of Lafayette Savings Bank, FSB, announced today that it will pay a quarterly dividend of $0.25 per share to shareholders of record as of the close of business on November 2, 2007, with a payment date of December 7, 2007.  This brings our annual dividend payout to $0.90 per share compared to $0.68 per share in 2006.

LSB president and CEO, Randolph F. Williams, stated, “We are pleased to be able to announce this quarterly cash dividend.  Due to the continuing difficult credit cycle, we experienced relatively slow growth in our loan portfolio as a result of cautiousness both on our part and on the part of our customers.  Until the local economic conditions improve and we are able to resume more normal loan production, we are pleased to be able to return this equity to our shareholders which we view as a good way to manage our capital.”

The closing price of LSB stock on October 23, 2007 was $24.00 per share as reported by the NASDAQ National Market.

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