Highlands Bankshares Inc. reported unaudited consolidated earnings results for the nine months ended September 30, 2012. For the period, the company reported net interest income of $12,383,000 compared to $12,363,000 a year ago. Net interest income after provision for loan losses was $10,853,000 compared to $9,378,000 a year ago. Income before provision for income taxes was $3,054,000 compared to $1,727,000 a year ago. Net income was $2,014,000 or $1.51 per share of common stock compared to $1,131,000 or $0.85 per share of common stock a year ago. Return on average assets increased to 0.68%, as compared to 0.37% in the same period of 2011. The return on average equity increased to 6.49% during the first nine months of 2012, as compared to 3.70% in the same period of 2011.

The company announced that during its October meeting, the board of directors approved a quarterly dividend of $0.10 per share to shareholders of record October 31, 2012 payable November 16, 2012.