Iowa First Bancshs (IOFB) 34.3500 $IOFB
Iowa First Bancshares Corp. Achieves National Recognition
Business Wire - Fri May 08, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB), the parent company of First National Bank of Muscatine, Iowa, and First National Bank in Fairfield, Iowa, has yet again been recognized for outstanding financial performance. The May 2015 edition of American Banker Magazine included a ranking of the top 200 community banks and thrifts, based upon three-year average return on equity, with less than $2 billion of assets. Iowa First Bancshares Corp. was included in this prestigious list for the seventh consecutive year. Moreover, Iowa First Bancshares Corp. has been not only in the top 200 community banks and thrifts each of the previous seven years, but in the top 100 for six of the last seven years.
Iowa First Bancshares Corp. Reports First Quarter Financial Results and Dividend Payment
Business Wire - Thu Apr 23, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported operating results for the three month period ended March 31, 2015. Consolidated net income totaled $985,000 compared to net income of $1,016,000 for the same period last year, a relatively small decrease of $31,000 or 3.1%. Comparing first quarter 2015 and first quarter 2014 results: net interest income increased $131,000 or 3.9%; provision for loan losses increased to $30,000 from no such provision the prior year; noninterest income declined $64,000 or 7.5% as 2014 included a $90,000 non-recurring income item; noninterest expense increased $82,000 or 3.1%; and income tax expense decreased by $14,000 or 2.6%.
Iowa First Bancshares Corp. Reports Record 2014 Financial Results
Business Wire - Wed Jan 28, 11:00AM CST
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported record-setting financial results for the year ended December 31, 2014. Net income for the twelve months ended December 31, 2014 totaled $4,256,000 compared with net income of $3,480,000 for 2013, an increase of $776,000 or 22.3%. This set the all-time record for highest annual net income earned by Iowa First. Additionally, earnings per share of $3.78 also reached a new record high in 2014. This was an increase of $.69 per share over the $3.09 earned in 2013, also a 22.3% improvement.
Iowa First Bancshares Corp. Reports Third Quarter and Year-To-Date 2014 Financial Results and Dividend Payment
Business Wire - Thu Oct 23, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB:IOFB) today reported financial results for both the third quarter and first three quarters of 2014. Net income of $1,161,000 for the quarter ended September 30, 2014, compared to net income of $997,000 for the quarter ended September 30, 2013, an increase of $164,000 or 16.4%. The increase in third quarter net income year-over-year of $164,000 was primarily attributable to higher net interest income, which rose $256,000 or 7.8%. Provision for loan losses expense was $30,000 in the third quarter of 2014, compared to no such expense in 2013. Noninterest income for the third quarter of 2014 was $76,000 or 9.2% more than the third quarter of 2013. Noninterest expense was within $2,000 when comparing the third quarter of 2014 and 2013. Due largely to higher pretax income, income tax expense increased $140,000 or 29.7%.
Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment
Business Wire - Thu Jul 24, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported net income of $1,056,000 for the quarter ended June 30, 2014, compared to net income of $902,000 for the quarter ended June 30, 2013. The increase in second quarter net income year-over-year of $154,000 or 17.1% was primarily attributable to higher net interest income, which rose $277,000 or 8.8%. Provision for loan losses expense was $30,000 in the second quarter of 2014, compared to no such expense in 2013. Noninterest income for the second quarter of 2014 was $74,000 or 8.1% less than the second quarter of 2013 primarily due to lower income from mortgage loan origination and net loan servicing fees. Offsetting this reduction in noninterest income, noninterest expense declined by $81,000 or 3.0%. Due to higher pretax income, income tax expense increased $100,000 or 21.6%.
Iowa First Bancshares Corp. Achieves National Recognition
Business Wire - Fri May 08, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB), the parent company of First National Bank of Muscatine, Iowa, and First National Bank in Fairfield, Iowa, has yet again been recognized for outstanding financial performance. The May 2015 edition of American Banker Magazine included a ranking of the top 200 community banks and thrifts, based upon three-year average return on equity, with less than $2 billion of assets. Iowa First Bancshares Corp. was included in this prestigious list for the seventh consecutive year. Moreover, Iowa First Bancshares Corp. has been not only in the top 200 community banks and thrifts each of the previous seven years, but in the top 100 for six of the last seven years.
Iowa First Bancshares Corp. Reports First Quarter Financial Results and Dividend Payment
Business Wire - Thu Apr 23, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported operating results for the three month period ended March 31, 2015. Consolidated net income totaled $985,000 compared to net income of $1,016,000 for the same period last year, a relatively small decrease of $31,000 or 3.1%. Comparing first quarter 2015 and first quarter 2014 results: net interest income increased $131,000 or 3.9%; provision for loan losses increased to $30,000 from no such provision the prior year; noninterest income declined $64,000 or 7.5% as 2014 included a $90,000 non-recurring income item; noninterest expense increased $82,000 or 3.1%; and income tax expense decreased by $14,000 or 2.6%.
Iowa First Bancshares Corp. Reports Record 2014 Financial Results
Business Wire - Wed Jan 28, 11:00AM CST
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported record-setting financial results for the year ended December 31, 2014. Net income for the twelve months ended December 31, 2014 totaled $4,256,000 compared with net income of $3,480,000 for 2013, an increase of $776,000 or 22.3%. This set the all-time record for highest annual net income earned by Iowa First. Additionally, earnings per share of $3.78 also reached a new record high in 2014. This was an increase of $.69 per share over the $3.09 earned in 2013, also a 22.3% improvement.
Iowa First Bancshares Corp. Reports Third Quarter and Year-To-Date 2014 Financial Results and Dividend Payment
Business Wire - Thu Oct 23, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB:IOFB) today reported financial results for both the third quarter and first three quarters of 2014. Net income of $1,161,000 for the quarter ended September 30, 2014, compared to net income of $997,000 for the quarter ended September 30, 2013, an increase of $164,000 or 16.4%. The increase in third quarter net income year-over-year of $164,000 was primarily attributable to higher net interest income, which rose $256,000 or 7.8%. Provision for loan losses expense was $30,000 in the third quarter of 2014, compared to no such expense in 2013. Noninterest income for the third quarter of 2014 was $76,000 or 9.2% more than the third quarter of 2013. Noninterest expense was within $2,000 when comparing the third quarter of 2014 and 2013. Due largely to higher pretax income, income tax expense increased $140,000 or 29.7%.
Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment
Business Wire - Thu Jul 24, 11:00AM CDT
Iowa First Bancshares Corp. (OTCQB: IOFB) today reported net income of $1,056,000 for the quarter ended June 30, 2014, compared to net income of $902,000 for the quarter ended June 30, 2013. The increase in second quarter net income year-over-year of $154,000 or 17.1% was primarily attributable to higher net interest income, which rose $277,000 or 8.8%. Provision for loan losses expense was $30,000 in the second quarter of 2014, compared to no such expense in 2013. Noninterest income for the second quarter of 2014 was $74,000 or 8.1% less than the second quarter of 2013 primarily due to lower income from mortgage loan origination and net loan servicing fees. Offsetting this reduction in noninterest income, noninterest expense declined by $81,000 or 3.0%. Due to higher pretax income, income tax expense increased $100,000 or 21.6%.
