Harvard Illinois Bancorp, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported interest and dividend income of $1,376,000 compared with $1,665,000 for the same period a year ago. Net interest income was $1,135,000 compared with $1,337,000 for the same period a year ago. Income before income taxes was $362,000 compared with loss before income taxes of $7,794,000 for the same period a year ago. Net income was $362,000 compared with net loss of $5,221,000 for the same period a year ago. Return on average assets was 0.97% compared with negative return on average assets of 12.19% for the same period a year ago. The increase in net income was due to decreases in interest expense and the provision for loan losses of $87,000 and $8.7 million, respectively, partially offset by increases in noninterest expense and the provision for income taxes of $249,000 and $2.6 million, respectively, and decreases in interest and dividend income, and noninterest income of $289,000 and $91,000, respectively.

For the nine months, the company reported interest and dividend income of $4,333,000 compared with $4,984,000 for the same period a year ago. Net interest income was $3,535,000 compared with $3,986,000 for the same period a year ago. Income before income taxes was $1,803,000 compared with loss before income taxes of $7,184,000 for the same period a year ago. Net income was $1,803,000 compared with net loss of $4,814,000 for the same period a year ago. Return on average assets was 1.53% compared with negative return on average assets of 3.79% for the same period a year ago.