Iowa First Bancshares Corp. Reports First Quarter Financial Results and Dividend Payment - Seite 3

CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollar amounts in thousands, except share and per share data)
(Unaudited)
			For the Quarter				For the Quarter

Ended

Ended

March 31, 2018

March 31, 2017

  Net Interest Income $ 3,744 $ 3,773 Provision for Loan Losses 540 1,080 Noninterest Income 833 855 Noninterest Expense 3,086 2,967 Income Tax Expense 218 188 Net Income after Income Taxes 733 393   Net Income Per Common Share, Basic and Diluted $ 0.65 $ 0.35  

			As of					As of					As of
			March 31, 2018					December 31, 2017					March 31, 2017
Gross Loans			$	398,383				$	406,367				$	405,949
Total Assets				477,660					482,158					469,999
Total Deposits				407,643					410,752					398,633
Tier 1 Capital				46,482					45,942					44,862
Average Common Shares
Outstanding, Basic and Diluted				1,131,847					1,131,440					1,130,436
Return on Average Equity				6.4	%				5.2	%				3.5	%
Return on Average Assets				.62	%				.50	%				.33	%
Net Interest Margin (tax equivalent)				3.40	%				3.47	%				3.41	%
Allowance as a Percent of Total Loans				1.44	%				1.40	%				1.13	%