Highlands Bankshares Inc. reported earnings results for the first nine months ended September 30, 2013. For the period, the company posted earnings of $1,591,000 or $1.19 per share of common stock outstanding, compared to $2,014,000 or $1.51 EPS for the same period of 2012. Net interest income, on a fully taxable equivalent basis, decreased 3.9%, as compared to the same period in 2012.

The decrease in net interest income was driven by changes in average rates earned on assets and paid on interest bearing liabilities and by changes in the relative mix of earning assets and interest bearing liabilities. Return on average assets (ROAA) decreased during the first nine months of 2013 to 0.55%, as compared to 0.68% in the same period of 2012. Likewise, the return on average equity (ROAE) decreased to 4.96% during the first nine months of 2013, as compared to 6.49% in the same period of 2012.