Revenue during the quarter grew 10.35 percent to $9.51 million from $8.62 million in the previous year period. Net interest income for the quarter rose 6.79 percent over the prior year period to $7.58 million. Non-interest income for the quarter rose 35.42 percent over the last year period to $2.19 million.

Northwest Indiana Bancorp has made provision of $0.26 million for loan losses during the quarter, up 162 percent from $0.10 million in the same period last year.

Net interest margin contracted 3 basis points to 3.82 percent in the quarter from 3.85 percent in the last year period. Efficiency ratio for the quarter improved to 67.05 percent from 71.44 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

“The Bank’s management team continues to get great results, and has demonstrated its ability to deliver strong, consistent performance through the first nine months of 2016. This shows the value of two fully-integrated acquisitions and how skillfully the Bank managed the process while continuing to grow organically. This quarter’s results offer further proof of our ability to perform and grow consistent with our strategic plan,” said Benjamin Bochnowski, president and chief executive officer.

Return on average assets moved up 12 basis points to 1.03 percent in the quarter from 0.91 percent in the last year period. At the same time, return on equity increased 94 basis points to 10.67 percent in the quarter from 9.73 percent in the last year period.

Meanwhile, nonperforming assets to total assets was 0.87 percent in the quarter.

Average equity to average assets ratio was 9.68 percent for the quarter. Book value per share was $30.49 for the quarter.