Highlands Bankshs Wv (HBSI) 28.5500 $HBSI
OTC Markets Group Welcomes Highlands Bankshares to OTCQX
PR Newswire - Fri Apr 22, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Highlands Bankshares, Inc. (OTCQX: HLND), the holding company for Highlands Union Bank in Abingdon, Virginia, has qualified to trade on the OTCQX® Best Market. Highlands Bankshares upgraded to OTCQX from the Pink® market.
Highlands Bankshares, Inc. Reports First Quarter Results
PR Newswire - Wed Apr 20, 5:05PM CDT
Highlands Bankshares, Inc. (OTCQX: HLND) today reported net income of $530,000, or $0.05 per diluted share, for the quarter ended March 31, 2016, compared with a net loss of $806,000, or ($0.08) per diluted share, for the quarter ended December 31, 2015 and net income of $580,000, or $0.06 per diluted share, for the quarter ended March 31, 2015. First quarter 2016 pre-tax results included severance expense of $244,000, an insurance settlement of $148,000, and securities gains of $35,000.
Highlands Bankshares, Inc. Implements Strategies to Improve Shareholder Liquidity
PR Newswire - Wed Apr 06, 4:25PM CDT
Highlands Bankshares, Inc. (OTC Pink: HBKA), in response to increased shareholder demand, today announced that the Company has applied with OTC Markets Groups to upgrade to the OTCQX market. The Company's common stock currently is listed on the OTC Pink market. The new listing is anticipated to occur by the end of April 2016.
Highlands Bankshares reports Q4 2015 net loss of USD0.8m
M2 - Fri Feb 05, 6:38AM CST
Highlands Bankshares, Inc. (OTC Pink: HBKA) has reported a net loss of USD0.8 million, or USD0.08 per diluted share, for the quarter ended December 31, 2015, compared with net income of USD0.4 million, or USD0.04 per diluted share, for the quarter ended September 30, 2015, and net income of USD0.6 million, or USD0.06 per diluted share, for the quarter ended December 31, 2014, the company said. Fourth quarter 2015 pre-tax results were negatively impacted by a USD395,000 reversal of a receivable related to loan late charges, a USD500,000 provision for a single new nonaccrual loan, and a USD953,000 write-down of existing OREO combined with losses on sale equating to USD1.2 million in net income, or USD0.12 per diluted share. Net income for 2015 totaled USD1.3 million, or USD0.13 per diluted share, which included a tax benefit of USD1.2 million, compared with net income of USD2.5 million, or USD0.28 per diluted share for 2014, which included a tax benefit of USD777,000. Total revenue (tax-equivalent net interest income plus noninterest income) decreased USD0.3 million to USD5.3 million from USD5.6 million in the third quarter of 2015. Fourth quarter 2015 noninterest income remained unchanged from the third quarter of 2015 totaling USD1.0 million. Noninterest income totaled USD1.0 million, or 0.65 percent of total assets in the fourth quarter of 2015, equivalent to third quarter 2015 noninterest income, which was 0.64 percent of total assets. Highlands Bankshares, Inc. is a bank holding company and parent company of Highlands Union Bank. The company and bank are headquartered in Abingdon, Virginia, and offer relationship-based financial services through digital channels as well as 14 branches located in Western North Carolina, Eastern Tennessee, and Southwest Virginia.
Highlands Bankshares Inc. Reports Fourth Quarter and 2015 Results
PR Newswire - Thu Jan 28, 8:38AM CST
Highlands Bankshares, Inc. (OTC Pink: HBKA) today reported a net loss of $0.8 million, or $0.08 per diluted share, for the quarter ended December 31, 2015, compared with net income of $0.4 million, or $0.04 per diluted share, for the quarter ended September 30, 2015 and net income of $0.6 million, or $0.06 per diluted share, for the quarter ended December 31, 2014. Fourth quarter 2015 pre-tax results were negatively impacted by a $395,000 reversal of a receivable related to loan late charges, a $500,000 provision for a single new nonaccrual loan, and a $953,000 write-down of existing OREO combined with losses on sale equating to $1.2 million in net income, or $0.12 per diluted share.
Highlands Bankshares Earnings Grow 11% to $2.14 Million for the First Nine Months 2015; Propelled by Strong Growth in Loans and Solid Improvements in Asset Quality with NPAs Declining 35% YOY
GlobeNewswire - Mon Nov 16, 3:00PM CST
Highlands Bankshares, Inc. (OTC Pink:HBKA), (the "Company"
parent company for Highlands Union Bank, (the "Bank", today reported operating profitability continued to improve reflecting strong loan growth and improving credit quality. Earnings totaled $430,000, or $0.04 per diluted share for the third quarter of 2015, which included a tax expense of $114,000. Net income for the second quarter of 2015 was $1.1 million, or $0.11 per diluted share, which included a $1.0 million tax benefit from the final reversal of its deferred tax asset (DTA) valuation allowance. Third quarter 2014 earnings were $526,000 or $0.05 per diluted share and incurred a tax expense of $47,000.
Highlands Bankshares to Participate in FIG Partners East Coast Bank CEO Forum
GlobeNewswire - Wed Sep 23, 3:00PM CDT
Highlands Bankshares, Inc. (OTC Pink:HBKA), parent company for Highlands Union Bank announced that San Neese, CEO, and Jim Edmondson, CFO of Highlands Union Bank, will be attending the 11th Annual FIG Partners Bank CEO Forum September 28 - 29, 2015, at the Four Seasons Hotel in Midtown, Atlanta.
Highlands Bankshares Earnings Grow to $1.1 Million in Second Quarter of 2015
GlobeNewswire - Thu Aug 06, 4:13PM CDT
Highlands Bankshares, Inc. (OTC Pink:HBKA), (the "Company" parent company for Highlands Union Bank, (the "Bank", today announced earnings grew to $1.1 million, or $0.11 per diluted share, for the second quarter of 2015, compared to $580,000, or $0.06 per diluted share, for the first quarter of 2015, and $906,000, or $0.10 per diluted share for the second quarter of 2014. Net income for the second quarter included a $1.0 million tax benefit from the final reversal of its deferred tax asset (DTA) valuation allowance, compared to the first quarter of 2015 that incurred a tax expense of $177,000. The second quarter of 2014 also included a tax benefit of $1.2 million primarily from the DTA valuation allowance reversal.
Highlands Bankshares, Inc. Announces 2015 First Quarter Earnings
PR Newswire - Mon May 04, 4:00PM CDT
Highlands Bankshares, Inc. (OTCBB: HBKA) (the "Company" and its wholly-owned banking subsidiary, Highlands Union Bank (the "Bank", today announced consolidated earnings for the quarter ended March 31, 2015 of $580 thousand. Earnings for the first quarter of 2014 totaled $501 thousand.
OTC Markets Group Welcomes Highlands Bankshares to OTCQX
PR Newswire - Fri Apr 22, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Highlands Bankshares, Inc. (OTCQX: HLND), the holding company for Highlands Union Bank in Abingdon, Virginia, has qualified to trade on the OTCQX® Best Market. Highlands Bankshares upgraded to OTCQX from the Pink® market.
Highlands Bankshares, Inc. Reports First Quarter Results
PR Newswire - Wed Apr 20, 5:05PM CDT
Highlands Bankshares, Inc. (OTCQX: HLND) today reported net income of $530,000, or $0.05 per diluted share, for the quarter ended March 31, 2016, compared with a net loss of $806,000, or ($0.08) per diluted share, for the quarter ended December 31, 2015 and net income of $580,000, or $0.06 per diluted share, for the quarter ended March 31, 2015. First quarter 2016 pre-tax results included severance expense of $244,000, an insurance settlement of $148,000, and securities gains of $35,000.
Highlands Bankshares, Inc. Implements Strategies to Improve Shareholder Liquidity
PR Newswire - Wed Apr 06, 4:25PM CDT
Highlands Bankshares, Inc. (OTC Pink: HBKA), in response to increased shareholder demand, today announced that the Company has applied with OTC Markets Groups to upgrade to the OTCQX market. The Company's common stock currently is listed on the OTC Pink market. The new listing is anticipated to occur by the end of April 2016.
Highlands Bankshares reports Q4 2015 net loss of USD0.8m
M2 - Fri Feb 05, 6:38AM CST
Highlands Bankshares, Inc. (OTC Pink: HBKA) has reported a net loss of USD0.8 million, or USD0.08 per diluted share, for the quarter ended December 31, 2015, compared with net income of USD0.4 million, or USD0.04 per diluted share, for the quarter ended September 30, 2015, and net income of USD0.6 million, or USD0.06 per diluted share, for the quarter ended December 31, 2014, the company said. Fourth quarter 2015 pre-tax results were negatively impacted by a USD395,000 reversal of a receivable related to loan late charges, a USD500,000 provision for a single new nonaccrual loan, and a USD953,000 write-down of existing OREO combined with losses on sale equating to USD1.2 million in net income, or USD0.12 per diluted share. Net income for 2015 totaled USD1.3 million, or USD0.13 per diluted share, which included a tax benefit of USD1.2 million, compared with net income of USD2.5 million, or USD0.28 per diluted share for 2014, which included a tax benefit of USD777,000. Total revenue (tax-equivalent net interest income plus noninterest income) decreased USD0.3 million to USD5.3 million from USD5.6 million in the third quarter of 2015. Fourth quarter 2015 noninterest income remained unchanged from the third quarter of 2015 totaling USD1.0 million. Noninterest income totaled USD1.0 million, or 0.65 percent of total assets in the fourth quarter of 2015, equivalent to third quarter 2015 noninterest income, which was 0.64 percent of total assets. Highlands Bankshares, Inc. is a bank holding company and parent company of Highlands Union Bank. The company and bank are headquartered in Abingdon, Virginia, and offer relationship-based financial services through digital channels as well as 14 branches located in Western North Carolina, Eastern Tennessee, and Southwest Virginia.
Highlands Bankshares Inc. Reports Fourth Quarter and 2015 Results
PR Newswire - Thu Jan 28, 8:38AM CST
Highlands Bankshares, Inc. (OTC Pink: HBKA) today reported a net loss of $0.8 million, or $0.08 per diluted share, for the quarter ended December 31, 2015, compared with net income of $0.4 million, or $0.04 per diluted share, for the quarter ended September 30, 2015 and net income of $0.6 million, or $0.06 per diluted share, for the quarter ended December 31, 2014. Fourth quarter 2015 pre-tax results were negatively impacted by a $395,000 reversal of a receivable related to loan late charges, a $500,000 provision for a single new nonaccrual loan, and a $953,000 write-down of existing OREO combined with losses on sale equating to $1.2 million in net income, or $0.12 per diluted share.
Highlands Bankshares Earnings Grow 11% to $2.14 Million for the First Nine Months 2015; Propelled by Strong Growth in Loans and Solid Improvements in Asset Quality with NPAs Declining 35% YOY
GlobeNewswire - Mon Nov 16, 3:00PM CST
Highlands Bankshares, Inc. (OTC Pink:HBKA), (the "Company"
parent company for Highlands Union Bank, (the "Bank", today reported operating profitability continued to improve reflecting strong loan growth and improving credit quality. Earnings totaled $430,000, or $0.04 per diluted share for the third quarter of 2015, which included a tax expense of $114,000. Net income for the second quarter of 2015 was $1.1 million, or $0.11 per diluted share, which included a $1.0 million tax benefit from the final reversal of its deferred tax asset (DTA) valuation allowance. Third quarter 2014 earnings were $526,000 or $0.05 per diluted share and incurred a tax expense of $47,000. Highlands Bankshares to Participate in FIG Partners East Coast Bank CEO Forum
GlobeNewswire - Wed Sep 23, 3:00PM CDT
Highlands Bankshares, Inc. (OTC Pink:HBKA), parent company for Highlands Union Bank announced that San Neese, CEO, and Jim Edmondson, CFO of Highlands Union Bank, will be attending the 11th Annual FIG Partners Bank CEO Forum September 28 - 29, 2015, at the Four Seasons Hotel in Midtown, Atlanta.
Highlands Bankshares Earnings Grow to $1.1 Million in Second Quarter of 2015
GlobeNewswire - Thu Aug 06, 4:13PM CDT
Highlands Bankshares, Inc. (OTC Pink:HBKA), (the "Company"
parent company for Highlands Union Bank, (the "Bank", today announced earnings grew to $1.1 million, or $0.11 per diluted share, for the second quarter of 2015, compared to $580,000, or $0.06 per diluted share, for the first quarter of 2015, and $906,000, or $0.10 per diluted share for the second quarter of 2014. Net income for the second quarter included a $1.0 million tax benefit from the final reversal of its deferred tax asset (DTA) valuation allowance, compared to the first quarter of 2015 that incurred a tax expense of $177,000. The second quarter of 2014 also included a tax benefit of $1.2 million primarily from the DTA valuation allowance reversal. Highlands Bankshares, Inc. Announces 2015 First Quarter Earnings
PR Newswire - Mon May 04, 4:00PM CDT
Highlands Bankshares, Inc. (OTCBB: HBKA) (the "Company"
and its wholly-owned banking subsidiary, Highlands Union Bank (the "Bank", today announced consolidated earnings for the quarter ended March 31, 2015 of $580 thousand. Earnings for the first quarter of 2014 totaled $501 thousand. 
