Huron Valley Bancorp, Inc. announced earnings results for the third quarter and nine months ended September 30, 2016. The company has reported that net income for the third quarter ended September 30, 2016 was $280,000, or $0.34 per share, compared to $231,000 or $0.28 per share, for the same quarter ended September 30, 2015. The significant increase in return on average equity (ROAE) of 11.38% for the quarter, reflects lower capital in 2016 due to the repayment of the SBLF Preferred Stock.Deposit and asset growth remains strong with growth in demand deposits, savings, and certificates of deposits. Net income for the nine months ended September 30, 2016 was $724,000, or $0.88 per share, compared to $734,000, or $0.89 per share, for the same period ended September 30, 2015. The slight decrease in year-to-date net income is the result of increased expenses related to the repayment of the SBLF Preferred Stock in January 2016 and ongoing interest expense associated with the new debt, and stock transaction related expenses.