Highlands Bankshares, Inc. announced earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net income of $637,000 or $0.06 per diluted share compared to net loss of $674,000 or $0.08 per diluted share a year ago. Net interest income was $4,582,000 against $4,744,000 a year ago. Net interest income after provision for loan losses was $4,547,000 against $3,655,000 a year ago. Income before income taxes was $957,000 against loss before income taxes of $1,122,000 a year ago. Annualized return on average assets was 0.42% against annualized loss on average assets of 0.44% a year ago. Annualized return on average equity was 4.68% against annualized loss on average equity of 4.88% a year ago. Common book value per share was $5.98 as on June 30, 2017 against $6.00 as on June 30, 2016. Combined common and preferred book value per share was $5.44 as on June 30, 2017 against $5.45 as on June 30, 2016. Second quarter 2017 total revenue increased $318,000 to $6.3 million from $5.9 million in the first quarter of 2017. For the six months, the company reported net income of $1,669,000 or $0.16 per diluted share compared to net loss of $144,000 or $0.02 per diluted share a year ago. Net interest income was $9,232,000 against $9,635,000 a year ago. Net interest income after provision for loan losses was $9,180,000 against $8,322,000 a year ago. Income before income taxes was $2,428,000 against loss before income taxes of $401,000 a year ago. The annualized return on assets and return on equity for the period was 0.55% and 6.21%, respectively.