First Mid-Illinois Bancshares, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2015. For the quarter, the company reported total interest income of $16,697,000, net interest income of $15,800,000, income before income taxes of $7,238,000, net income of $4,654,000 or $0.48 diluted per share compared to the total interest income of $13,965,000, net interest income of $13,121,000, income before income taxes of $6,240,000, net income of $3,910,000 or $0.47 diluted per share for the same quarter a year ago. Net income for the fourth quarter of 2015 was also higher than the same period last year primarily due to increases in net interest income with growth in loans and the increase in assets from the Southern Illinois acquisition.

For the year, the company reported total interest income of $59,251,000, net interest income of $55,752,000, income before income taxes of $25,730,000, net income of $16,512,000 or $1.81 diluted per share compared to the total interest income of $54,734,000, net interest income of $51,482,000, income before income taxes of $24,715,000, net income of $15,461,000 or $1.85 diluted per share for the previous year. The company announced that net income during 2015 increased due to improvement in several areas, including greater net interest income with growth in loans over the past year and the increase in assets from the acquisition, increases in revenues from electronic services and insurance, and growth in deposit service charges. Book value per share increased from $19.55 at December 31, 2014 to $21.01 on December 31, 2015.