Revenue during the quarter grew 12.80 percent to $7.04 million from $6.24 million in the previous year period. Net interest income for the quarter rose 14.65 percent over the prior year period to $5.93 million. Non-interest income for the quarter rose 3.83 percent over the last year period to $1.11 million.

Net interest margin improved 44 basis points to 3.83 percent in the quarter from 3.39 percent in the last year period. Efficiency ratio for the quarter improved to 58.59 percent from 61.55 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Eddie Steiner, President and CEO stated, "We are pleased to report strong fourth quarter earnings. Demand for business and consumer loans in our markets has improved for several quarters as compared to prior year levels, resulting in a higher level of earning assets."

Deposits stood at $540.78 million as on Dec. 31, 2016, up 3 percent compared with $525.04 million on Dec. 31, 2015.

Noninterest-bearing deposit liabilities were $167.82 million or 31.03 percent of total deposits on Dec. 31, 2016, compared with $151.55 million or 28.86 percent of total deposits on Dec. 31, 2015.

Investments stood at $132.37 million as on Dec. 31, 2016, down 20.45 percent or $34.03 million from year-ago. Shareholders equity was at $65.42 million as on Dec. 31, 2016.

Return on average assets moved up 19 basis points to 1.17 percent in the quarter from 0.98 percent in the last year period. At the same time, return on average equity increased 135 basis points to 11.76 percent in the quarter from 10.41 percent in the last year period.

Nonperforming assets were almost stable over the past one year at $1.68 million on Dec. 31, 2016.

Average equity to average assets ratio was 9.95 percent for the quarter, up from 9.38 percent for the previous year quarter. Book value per share was $23.85 for the quarter, up 6.71 percent or $1.50 compared to $22.35 for the same period last year.