Revenue during the quarter grew 17.02 percent to $44.56 million from $38.08 million in the previous year period. Net interest income for the quarter rose 22.11 percent over the prior year period to $32.04 million. Non-interest income for the quarter rose 5.55 percent over the last year period to $13.37 million.

Mainsource Financial Group has made provision of $0.85 million for loan losses during the quarter, up 3.03 percent from $0.82 million in the same period last year.

Net interest margin improved 1 basis points to 3.69 percent in the quarter from 3.68 percent in the last year period. Efficiency ratio for the quarter improved to 61 percent from 63.96 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Mr. Brown commented on the Company’s fourth quarter performance, “I am very pleased with our fourth quarter and full year results. On an operating basis we earned $1.86 per share for 2016 which represents a 9% increase over the prior year. Our successful integration of the Cheviot acquisition and our organic loan growth were key factors to our strong performance. We are especially pleased with our loan growth for the fourth quarter of 11% on an annualized basis. Our strategy of growing into nearby metropolitan markets is paying off and we are optimistic about our ability to continue to grow loans at a moderate pace.”

Return on average assets moved up 8 basis points to 1.16 percent in the quarter from 1.08 percent in the last year period. At the same time, return on average equity increased 74 basis points to 10.26 percent in the quarter from 9.52 percent in the last year period.

Nonperforming assets moved up 34.06 percent or $5.04 million to $19.84 million on Dec. 31, 2016 from $14.80 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 0.49 percent in the quarter, up from 0.44 percent in the last year period.