Harvard Illinois Bancorp, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported interest and dividend income of $1,312,000 compared with $1,501,000 for the same period a year ago. Net interest income was $1,095,000 compared with $1,200,000 for the same period a year ago. Income before income taxes was $273,000 compared with $136,000 for the same period a year ago. Return on average assets was 0.76% compared with 0.34% for the same period a year ago. Net income was $273,000 compared $136,000 for the same period a year ago. Net income increased $137,000, or 100.7%, during the first quarter of 2016, compared to the first quarter of 2015. The increase in net income was due to decreases in interest expense, provision for loan losses and noninterest expense of $84,000, $102,000 and $195,000, respectively, partially offset by decreases in interest and dividend income and noninterest income of $189,000 and $55,000, respectively.