First Evanston Bancorp, Inc., the parent company of First Bank & Trust, reported higher earnings for 2016, as compared to the previous year.
In its 2016 annual report distributed to stockholders this week, the bank holding company reported net earnings of $6.3 million for the year, or an increase of 4 percent from the $6.0 million reported for 2015.
All the major indices of banking performance, including loans, deposits, and total assets, showed significant increases.
Loans at yearend stood at $820 million, an increase of 12 percent from the $729 million reported 12 months earlier.
Deposits, which had passed the billion-dollar mark at the end of the third quarter, settled in at $964 million, but exceeded the year-ago figure of $897 million by some 7.5 percent.
Total assets during the year climbed from $991 million to $1.1 billion, for a gain of 7.7 percent.
Robert R. Yohanan, managing director and CEO, gave credit to an economic environment that was “generally quite good” as well as a strong performance by the banking institution’s staff.
The 21-year-old organization has scheduled its 2017 annual meeting for 2 p.m. on Tuesday, March 21, on the lower level of the bank’s headquarters at 820 Church St.