First Bankers Trustshares Inc. Reports Consolidated Earnings Results for the Quarter and Six Months Ended June 30, 2016
July 28, 2016
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First Bankers Trustshares Inc. reported consolidated earnings results for the quarter and six months ended June 30, 2016. For the quarter, net interest income was $6,260,000 against $5,849,000 a year ago. Net income was $2,394,000 against $2,430,000 a year ago. Return on average assets (excludes preferred stock dividends accretion) was 1.08% against 1.10% a year ago. Earnings per common share were $0.78 against $0.78 a year ago.
For the six months, net interest income was $12,477,000 against $11,676,000 a year ago. Net income was $4,748,000 against $4,500,000 a year ago. Return on average assets (excludes preferred stock dividends accretion) was 1.08% against 1.04% a year ago. Earnings per common share were $1.54 against $1.45 a year ago. Book value per common share was $24.76 against $22.30 a year ago.
First Bankers Trustshares, Inc. is the holding company for First Bankers Trust Company, N. A. (the Bank). The primary business of the Bank is that of a community-oriented financial institution offering a variety of financial services. It attracts deposits from the general public and uses such deposits, together with borrowings and other funds, to originate one-to-four family residential mortgage loans, consumer loans, small business loans and agricultural loans in its primary market area. It also invests in investment securities consisting of United States government or agency obligations, mortgage-backed securities, financial institution certificates of deposit, and other liquid assets. Its portfolio segments include commercial operating, commercial real estate, agricultural operating, agricultural real estate, construction, and land development. It offers consumer and other loans, including motor vehicle, home improvement, home equity, signature loans and small personal credit lines.
FIRST BANKERS TRUSTSHARES, INC. 
