Iowa First Bancshares Corp. reported unaudited consolidated earnings results for the three month period ended March 31, 2018. Consolidated net income totaled $733,000 compared to net income of $393,000 for the same period last year, an increase of $340,000 or 86.5%. Comparing first quarter 2018 and first quarter 2017 results. Basic and diluted earnings per share were $0.65 for the three months ended March 31, 2018, an increase of $0.30 from the same period in 2017. The company’s annualized return on average assets for the first quarter of 2018 and 2017 was 0.62% and 0.33%, respectively. The company’s annualized return on average equity for the first quarter of 2018 and 2017 was 6.4% and 3.5%, respectively. Net Interest Income was $3,744,000 against $3,773,000 a year ago. Net Income after Income Taxes was $733,000 against $393,000 a year ago.