First Bankers Trustshares Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 26, 2017
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First Bankers Trustshares Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, net interest income was $6.44 million against $6.23 million a year ago. Net income was $2.111 million against $2.2 million a year ago. Return on average assets (Excludes preferred stock dividends/accretion.) was 0.90% against 0.96% a year ago. Return on average common stockholders' equity was 10.58% against 11.95% a year ago. Earnings per common share were $0.69 against $0.70 a year ago.
For the year, net interest income was $25.220 million against $24.040 million a year ago. Net income was $9.15 million against $8.983 million a year ago. Return on average assets (Excludes preferred stock dividends/accretion.) was 1.01% against 1.02% a year ago. Return on average common stockholders' equity was 11.95% against 12.95% a year ago. Book value per common share was $25.87 against $23.49 a year ago. Earnings per common share were $2.96 against $2.89 a year ago. Year over year net income was impacted by higher income taxes due to timing and accelerated depreciation items.
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.