Iowa First Bancshares Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of $3,750,000 against $3,651,000 a year ago. Net income after income taxes was $1,101,000 against $1,090,000 a year ago. Net income per basic and diluted share was $0.973 against $0.965 a year ago. The increase in third quarter net income year-over-year of $11,000 (1.0%) was primarily attributable to higher net interest income of $99,000 (2.7%). This increase in net interest income was augmented by a $66,000 (7.5%) increase in noninterest income. Noninterest expense increased $44,000 (1.6%) and provision for loan losses was raised $135,000 or (450%). For the nine months, the company reported net interest income of $11,129,000 against $10,696,000 a year ago. Net income after income taxes was $3,182,000 against $3,125,000 a year ago. Net income per basic and diluted share was $2.816 against $2.770 a year ago. Return on average equity was 9.1% against 9.6% a year ago. Return on average assets was 0.91% against 0.94% a year ago. The primary factors contributing to this earnings improvement included a $433,000 (4.0%) increase in net interest income and an $113,000 (4.4%) increase in noninterest income. Offsetting some of these income gains, noninterest expense increased $259,000 (3.1%) and provision for loan losses was raised $285,000 (317%). Income tax expense declined $55,000 (3.3%).