First Bankers Trustshares Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
October 30, 2015
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First Bankers Trustshares Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, net interest income was $6.138 million against $5.896 million a year ago. Net income was $2.309 million against $2.097 million a year ago. Return on average assets was 1.03% against 0.96% a year ago. Return on average common stockholders' equity was 13.04% against 13.04% a year ago.
For the nine months, net interest income was $17.814 million against $16.833 million a year ago. Net income was $6.809 million against $5.716 million a year ago. Return on average assets was 1.04% against 0.92% a year ago. Return on average common stockholders' equity was 13.30% against 12.26% a year ago. Book value per common share as on September 30, 2015, was $22.92 against $20.72 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.