Iowa First Bancshares Corp. reported unaudited consolidated earnings results for the second quarter and six months ended 30 June 2018. For the quarter, reported net income of $961,000 compared to net income of $1,140,000 for the quarter ended June 30, 2017. The decrease in second quarter net income year-over-year of $179,000 (15.7%) was primarily attributable to lower net interest income of $175,000 (4.5%), higher provision for loan losses of $210,000 (100.0%), and higher noninterest expense of $90,000 (3.1%). Basic and diluted earnings per share were $0.85 against $1.01 from the same period in 2017. Net interest income was $3,759,000 compared to $3,934,000 a year ago. Noninterest Income was $890,000 compared to $883,000 a year ago. Net Income after Income Taxes was $961,000 compared to $1,140,000 a year ago. Basic and Diluted per share was $0.85 compared to $1.01 a year ago. Return on Average Equity was 7.3% compared to 6.8%. Return on Average Assets was 0.72% compared to 0.64% a year ago. For the six months, the company recorded net income of $1,694,000 compared with net income of $1,533,000 for the two quarters ended June 30, 2017, an increase of $161,000 (10.5%). Basic and diluted earnings per share were $1.50 against $1.36 from the same period in 2017. The company's annualized return on average assets for the first two quarters of 2018 and 2017 was 0.72% and 0.64%, respectively. The company's annualized return on average equity for the six months ended June 30, 2018 and June 30, 2017 was 7.3% and 6.8%, respectively. Net interest income was $7,503,000 compared to $7,707,000 a year ago. Noninterest Income was $1,723,000 compared to $1,738,000 a year ago. Net Income after Income Taxes was $1,694,000 compared to $1,533,000 a year ago. Basic and Diluted per share was $1.50 compared to $1.36 a year ago. Return on Average Equity was 7.3% compared to 6.8%. Return on Average Assets was 0.72% compared to 0.64% a year ago.