Harvard Illinois Bancorp, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported an unaudited net loss for the three months ended September 30, 2014 of $5.2 million. This loss was primarily due to an $8.5 million impairment allowance on its $18.1 million investment in a daily overnight repurchase agreement with First Farmers Financial LLC ("First Farmers.").

For nine months, the company reported unaudited net loss of $4.8 million.