First Bankers Trustshares, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 26, 2018
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First Bankers Trustshares, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income was $6,631,000 against $6,436,000 a year ago. Net income was $1,732,000 against $2,111,000 a year ago. Return on average assets of 0.74% against 0.9% a year ago. Return on average common stockholders’ equity of 8.05% against 10.58% a year ago. Book value per share was $27.71 against $25.87 a year ago.
For the full year, the company reported net interest income was $26,000,000 against $25,220,000 a year ago. Net income was $7,392,000 against $9,145,000 a year ago. Return on average assets of 0.8% against 1.01% a year ago. Return on average common stockholders’ equity of 8.88% against 11.95% a year ago.
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.