First Resource Bank reported unaudited earnings results for first quarter ended March 31, 2016. The company reported after accounting for preferred stock dividends, net income available to common shareholders for the quarter ended March 31, 2016 was $251,542. This compares to net income available to common shareholders of $288,328 for the quarter ended March 31, 2015.

Net interest income was $1,815,523 as compared to $1,625,573 for the same quarter a year ago. Total interest income was $|2,280,978 as compared to $1,981,284 for the same quarter a year ago. Net interest income after provision for loan losses was $1,790,662 as compared to $1,607,951 for the same quarter a year ago.

Income before income tax expense was $367,626 as compared to $435,790 for the same quarter a year ago. Net income was $254,119 as compared to $301,036 for the same quarter a year ago. Basic and diluted earnings per share were $0.13 as compared to $0.18 for the same quarter a year ago.

Book value per share was $8.38 as on March 31, 2016 against $8.16 as on March 31, 2015.