Iowa First Bancshares Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
For the year, the company reported net interest income was $12,872,000 against $13,045,000 a year ago. Net income after income taxes was $3,480,000 against $4,106,000 a year ago. Diluted earnings per share were $3.09 against $3.66 a year ago. Return on average equity was 9.0% as of December 31, 2013 against 11.5% as of December 31, 2012. Return on average assets was 0.79% as of December 31, 2013 against 0.97% as of December 31, 2012.