Foresight Financial Group, Inc. announced earnings results for the first quarter of 2013. For the quarter, the company's net income increased by 1.9% to $1,694,000 from $1,662,000 in 2012. Return on average assets was 0.80% and return on shareholders equity was 8.4%.

Earnings per common share were $0.46, up 17.9% compared to $0.39 in the first quarter of 2012, reflecting the benefit of the company's full redemption of TARP preferred stock in December 2012 and the elimination of preferred dividends. Net interest income dropped by 6.2% as net interest margin declined by 22 basis points to 3.81%.