Highlands Bankshares Inc. reported earnings results for the full year ended December 31, 2011. For the period, the company has reported earnings of $1,392,000 or $1.04 per share of common stock outstanding (EPS) compared to $1,592,000 or $1.19 EPS for the same period of 2010, a decrease of $200,000 or $0.15 EPS. The company's net interest income, on a fully taxable equivalent basis, decreased 0.97% from 2010 to 2011. 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 declined from 0.38% in 2010 to 0.34% in 2011. Likewise, the return on average equity declined from 4.00% in 2010 to 3.41% in 2011.