Harvard Illinois Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, interest and dividend income was $1.6 million against $1.6 million last year. Net interest income was $1.3 million against $1.2 million last year. Income before income taxes was $0.3 million against $0.3 million last year. Net income was $0.2 million against $0.2 million last year. Return on average assets (annualized) was 0.41% against 0.46% last year. The decrease in net income was due to a decrease in noninterest income of $117,000, and increases in noninterest expense and the provision for income taxes of $4,000 and $26,000, respectively, partially offset by an increase in interest and dividend income of $55,000, and decreases in interest expense and the provision for loan losses of $57,000 and $14,000, respectively.

For the six months, interest and dividend income was $3.3 million against $3.2 million last year. Net interest income was $2.6 million against $2.5 million last year. Income before income taxes was $0.6 million against $0.4 million last year. Net income was $0.4 million against $0.4 million last year. Return on average assets (annualized) was 0.48% against 0.41% last year.