Liberty Bell Bank (OTC:LBBB) today reported net income of $58,000 for the three months ended September 30, 2016, compared to net income of $76,000 for the same period in 2015, a decrease of $18,000. Net income for the nine months ended September 30, 2016 was $134,000, an improvement of $34,000 as compared to net income of $100,000 for the same period in 2015. At September 30, 2016, our common equity tier 1 capital to risk weighted assets, leverage, tier 1 capital to risk weighted assets and total risk based capital ratios all increased to 9.40%, 6.74%, 9.40% and 10.65%, respectively. The decrease in the Bank's net income for this quarter over the same quarter in 2015 was due primarily to a decrease in its other non-interest income of $39,000 mainly caused by the receipt in the third quarter of 2015 of $103,000 of other non-interest income associated with the sale of other real estate owned compared to no such proceeds in the third quarter of 2016 partially offset by a $39,000 decrease in losses associated with the sale of other real estate and a $24,000 increase in loan related fees. In addition, the Bank's net interest income decreased by $15,000 in the third quarter of 2016 compared to the same period in 2015. However, the Bank's provision for loan losses decreased by $5,000 and its non-interest expense decreased by $31,000 in the third quarter of 2016, partially offsetting the negative variances in non-interest and net interest income. The decrease in net interest income was due to a $34,000 decrease in interest earned from investments partially offset by a $22,000 increase in interest and fees from loans. Also interest expense from interest paid on deposits increased by $3,000 due to an increase in the average rate paid on deposits from 0.66% in last year's third quarter to 0.68% this quarter caused by an increase in the rate of interest paid on money market deposit accounts. In addition, the average balance in the Bank's interest-bearing accounts increased $1.8 million to $111.9 for the quarter ended September 30, 2016.