American National Bankshares Inc. Reports Fourth Quarter

DANVILLE, VA--(Marketwired - January 19, 2017) -

2016 Loan growth $159 million or 15.8%
Roanoke and Winston-Salem operations begin
Q4 2016 net income of $4.1 million
Net interest margin of 3.45% for Q4 2016
Average shareholders' equity for Q4 of $203.6 million is 12.39% of average assets

American National Bankshares Inc. ("American National") (NASDAQ: AMNB), parent company of American National Bank and Trust Company, today announced net income for the fourth quarter of 2016 of $4,122,000 compared to $4,607,000 for the fourth quarter of 2015, a $485,000 or 10.5% decrease. Basic and diluted net income per common share was $0.48 for the fourth quarter of 2016 compared to $0.53 for 2015. Net income for the fourth quarter of 2016 produced a return on average assets of 1.00%, a return on average equity of 8.10%, and a return on average tangible equity of 10.73%.

Net income for the year ended December 31, 2016 was $16,301,000 compared to $15,039,000 for 2015, a $1,262,000 or 8.4% increase. Basic and diluted net income per common share was $1.89 for the 2016 period compared to $1.73 for the 2015 period.

Financial Performance and Overview

Jeffrey V. Haley, President and Chief Executive Officer, reported, "In 2016 we saw loan portfolio growth of $159 million or 15.8%. This increase was the result of vigorous and continuing business development activity and improvement in the local and regional economies. We are delighted to report that the growth was broad based.

"This organic growth has been developing for some time. In 2015, we had a very exciting year with the acquisition of Franklin Community Bank. In 2016, we decided to keep the momentum going, not by acquiring a bank, but by acquiring a team of exceptional bankers. Further, we elected to do this in not one, but two contiguous markets. In September 2016, we announced our de novo efforts in Roanoke, Virginia and Winston-Salem, North Carolina.

"Early results for the de novo operations are very encouraging. Loan production and deposit production are ahead of expectations and represent a significant part of our organic growth. We expect continued strong growth for the next several quarters.

"Loans don't exist in isolation and deposit growth is equally critical to the health of our balance sheet. Overall deposits are up $108 million or 8.6% over the prior year. Our focus continues to be in developing more core deposit account relationships.

"Net income for 2016 was $16.3 million or $1.89 per diluted share, an increase of $1.3 million or 8.4%.

"A lot of factors impacted earnings in 2016, but the major drivers include the following:

"Provision for loan losses was $250,000 compared to $950,000 for the prior year, a $700,000 decrease.

"The net impact of the de novo operations at year end was $1.2 million to expense, mostly related to additional personnel.

"This was offset by a reduction in non-recurring merger related expense of $2.0 million recorded in 2015.

"American National has a long and enviable legacy of strong capital. We are working to deploy this capital more effectively and efficiently, while still maintaining that fundamental legacy strength. Over the past two years, we have had substantial organic balance sheet growth, the acquisition of Franklin, and the two de novo operations. We intend to continue making the best possible use of our capital to maximize shareholder return, while maintaining capital ratios that are well above regulatory requirements."

Haley concluded, "To put it succinctly, we had a really good year in 2016. We think our efforts in 2015 and 2016 have set us up for a very good 2017 and an outstanding 2018."

Capital

American National's capital ratios remain strong and exceed all regulatory requirements.

For the quarter ended December 31, 2016, average shareholders' equity was 12.39% of average assets, compared to 12.88% for the quarter ended December 31, 2015.

Book value per common share was $23.37 at December 31, 2016, compared to $22.95 at December 31, 2015.

Tangible book value per common share was $18.08 at December 31, 2016, compared to $17.55 at December 31, 2015.

Credit Quality Measurements

Non-performing assets ($3,552,000 of non-performing loans and $1,328,000 of other real estate owned) represented 0.29% of total assets at December 31, 2016, compared to 0.48% at December 31, 2015.

Annualized net charge offs to average loans were zero basis points for the 2016 fourth quarter, compared to eleven basis points (0.11%) for the same quarter in 2015.

Other real estate owned was $1,328,000 at December 31, 2016, compared to $2,184,000 at December 31, 2015, a decrease of 856,000 or 39.2%.

Merger related financial impact

The acquisition adjustments related to our two recent mergers continue to have a positive impact on net interest income and income before income tax for American National. The impact of the adjustments is summarized below (dollars in thousands):


Acquisition related financial impact

For the quarter ended December 31,	2016	2015
Net interest income	$ 427	$ 819
Income before Income taxes	$ 252	$ 519

For the quarter ended December 31,	2016	2015
Net interest income	$ 2,136	$ 3,322
Income before Income taxes	$ 1,172	$ 2,121

Net Interest Income

Net interest income before the provision for loan losses increased to $12,646,000 in the fourth quarter of 2016 from $12,444,000 in the fourth quarter of 2015, an increase of $202,000 or 1.6%.

For the 2016 quarter, the net interest margin was 3.45% compared to 3.68% for the same quarter in 2015, a decrease of 0.23%. The decrease in net interest margin was driven by lower yields on earning assets and reduced levels of accretion income.

Provision for Loan Losses and Allowance for Loan Losses

Provision expense for the fourth quarter of 2016 was $50,000 compared to $250,000 for the fourth quarter of 2015, a decrease of $200,000.

The allowance for loan losses as a percentage of total loans was 1.10% at December 31, 2016 compared to 1.25% at December 31, 2015. There was significant growth in the loans outstanding in the fourth quarter, a net of $81.6 million. The need for additional loan loss provision was mitigated by continued high asset quality, low charge offs, and improvement in various qualitative factors, notably economic, political and legal, used in the determination of the allowance.

Noninterest Income

Noninterest income totaled $3,721,000 in the fourth quarter of 2016, compared with $3,818,000 in the fourth quarter of 2015, a decrease of $97,000 or 2.5%. Trust fees showed a very small decrease of $10,000 (1.0%); revenue for this category is directly impacted by changes in the equity markets. Securities gains showed a $139,000 decrease from the fourth quarter of 2015. Secondary market mortgage income showed an increase of $211,000 (63.4%), related to higher mortgage volume.

Noninterest Expense

Noninterest expense totaled $10,360,000 in the fourth quarter of 2016, compared to $9,466,000 in the fourth quarter of 2015, an increase of $894,000 or 9.4%.

The major driver of this increase is the addition of 19 FTEs in Roanoke and Winston-Salem. Salaries expense for the quarter increased $776,000 or 19.8%, primarily related to the de novos.

About American National

American National Bankshares Inc. is a multi-state bank holding company with total assets of approximately $1.7 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving southern and central Virginia and north central North Carolina with 26 banking offices and two loan production offices. American National Bank and Trust Company also manages an additional $781 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about the company and the bank is available on the bank's website at www.amnb.com.

Shares of American National are traded on the NASDAQ Global Select Market under the symbol "AMNB."

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Certain of the statements involve significant risks and uncertainties. The statements herein are based on certain assumptions and analyses by American National and are factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies or guidelines; significant changes in the economic scenario; significant changes in regulatory requirements; significant changes in securities markets; and changes regarding acquisitions and dispositions. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language in American National's most recent Form 10-K report and other documents filed with the Securities and Exchange Commission. American National does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.


American National Bankshares Inc.
Consolidated Balance Sheets
(Dollars in thousands, except share and per share data)
Unaudited

			December 31
ASSETS			2016			2015

Cash and due from banks			$	20,268		$	19,352
Interest-bearing deposits in other banks				32,939			75,985
Federal funds sold				-			-

Securities available for sale, at fair value				346,502			340,349
Restricted stock, at cost				6,224			5,312
Loans held for sale				5,996			3,266

Loans				1,164,821			1,005,525
	Less allowance for loan losses			(12,801	)		(12,601	)
		Net Loans		1,152,020			992,924

Premises and equipment, net				25,439			23,567
Other real estate owned, net				1,328			2,184
Goodwill				43,872			43,872
Core deposit intangibles, net				1,719			2,683
Bank owned life insurance				18,163			17,658
Accrued interest receivable and other assets				24,168			20,447

		Total assets	$	1,678,638		$	1,547,599


Liabilities
	Demand deposits -- noninterest-bearing		$	378,600		$	322,442
	Demand deposits -- interest-bearing			209,430			227,030
	Money market deposits			283,035			200,495
	Savings deposits			120,720			115,383
	Time deposits			378,855			397,310
		Total deposits		1,370,640			1,262,660

	Short-term borrowings:
		Customer repurchase agreements		39,166			40,611
		Other short-term borrowings		20,000			-
	Long-term borrowings			9,980			9,958
	Junior subordinated debt			27,724			27,622
	Accrued interest payable and other liabilities			9,748			8,913
		Total liabilities		1,477,258			1,349,764

Shareholders' equity
	Preferred stock, $5 par, 2,000,000 shares authorized, none outstanding			-			-
				-			-
	Common stock, $1 par, 20,000,000 shares authorized, 8,618,051 shares outstanding at December 31, 2016 and 8,622,007 shares outstanding at December 31, 2015			8,578			8,605


	Capital in excess of par value			75,076			75,375
	Retained earnings			119,600			111,565
	Accumulated other comprehensive income (loss), net			(1,874	)		2,290
		Total shareholders' equity		201,380			197,835

		Total liabilities and shareholders' equity	$	1,678,638		$	1,547,599


American National Bankshares Inc.
Consolidated Statements of Income
(Dollars in thousands, except share and per share data)
Unaudited

			Three Months Ended				Twelve Months Ended
			December 31				December 31
			2016		2015		2016		2015
Interest and Dividend Income:
	Interest and fees on loans		$	12,182	$	11,849	$	47,971	$	46,860
	Interest on federal funds sold			-		-		-		6
	Interest and dividends on securities:
		Taxable		1,108		1,051		4,454		4,072
		Tax-exempt		728		882		3,135		3,681
		Dividends		76		88		334		346
	Other interest income			73		81		276		204
		Total interest and dividend income		14,167		13,951		56,170		55,169

Interest Expense:
	Interest on deposits			1,201		1,228		5,103		4,811
	Interest on short-term borrowings			4		2		10		9
	Interest on long-term borrowings			82		81		325		324
	Interest on junior subordinated debt			234		196		878		760
		Total interest expense		1,521		1,507		6,316		5,904

Net Interest Income				12,646		12,444		49,854		49,265
	Provision for loan losses			50		250		250		950

Net Interest Income After Provision
	for Loan Losses			12,596		12,194		49,604		48,315

Noninterest Income:
	Trust fees			962		972		3,791		3,935
	Service charges on deposit accounts			528		523		2,048		2,066
	Other fees and commissions			689		590		2,680		2,377
	Mortgage banking income			544		333		1,713		1,320
	Securities gains, net			175		314		836		867
	Brokerage fees			207		265		843		946
	Income from Small Business Investment Companies			225		485		463		912
	Other			391		336		1,131		864
		Total noninterest income		3,721		3,818		13,505		13,287

Noninterest Expense:
	Salaries			4,696		3,920		17,568		16,554
	Employee benefits			1,061		1,096		4,264		4,311
	Occupancy and equipment			1,084		1,135		4,246		4,425
	FDIC assessment			128		185		647		750
	Bank franchise tax			226		223		995		898
	Core deposit intangible amortization			175		300		964		1,201
	Data processing			488		414		1,828		1,725
	Software			271		308		1,143		1,158
	Other real estate owned, net			22		39		336		99
	Merger related expenses			-		50		-		1,998
	Other			2,209		1,796		7,810		7,424
		Total noninterest expense		10,360		9,466		39,801		40,543

Income Before Income Taxes				5,957		6,546		23,308		21,059
Income Taxes				1,835		1,939		7,007		6,020
Net Income			$	4,122	$	4,607	$	16,301	$	15,039

Net Income Per Common Share:
	Basic		$	0.48	$	0.53	$	1.89	$	1.73
	Diluted		$	0.48	$	0.53	$	1.89	$	1.73
Weighted Average Common Shares Outstanding:
	Basic			8,615,700		8,627,414		8,611,507		8,680,502
	Diluted			8,629,777		8,633,778		8,621,241		8,688,450


American National Bankshares Inc.
Financial Highlights
(In thousands, except share, ratio and nonfinancial data, unaudited)

		4th Qtr			3rd Qtr			4th Qtr			YTD			YTD
		2016			2016			2015			2016			2015
EARNINGS
	Interest income	$	14,167		$	14,063		$	13,951		$	56,170		$	55,169
	Interest expense		1,521			1,599			1,507			6,316			5,904
	Net interest income		12,646			12,464			12,444			49,854			49,265
	Provision for loan losses		50			100			250			250			950
	Noninterest income		3,721			3,120			3,818			13,505			13,287
	Noninterest expense		10,360			9,867			9,466			39,801			40,543
	Income taxes		1,835			1,654			1,939			7,007			6,020
	Net income		4,122			3,963			4,607			16,301			15,039

PER COMMON SHARE
	Income per share - basic	$	0.48		$	0.46		$	0.53		$	1.89		$	1.73
	Income per share - diluted		0.48			0.46			0.53			1.89			1.73
	Cash dividends paid		0.24			0.24			0.24			0.96			0.93
	Book value per share		23.37			23.66			22.95			23.37			22.95
	Book value per share - tangible (a)		18.08			18.34			17.55			18.08			17.55
	Closing market price		34.80			27.95			25.61			34.80			25.61

FINANCIAL RATIOS
	Return on average assets		1.00	%		0.99	%		1.20	%		1.02	%		0.99	%
	Return on average equity		8.10			7.79			9.32			8.07			7.65
	Return on average tangible equity (b)		10.73			10.41			12.77			10.85			10.62
	Average equity to average assets		12.39			12.67			12.88			12.64			12.90
	Tangible equity to tangible assets (a)		9.54			10.06			10.08			9.54			10.08
	Net interest margin, taxable equivalent		3.45			3.50			3.68			3.52			3.69
	Efficiency ratio (c)		62.32			61.25			57.52			61.47			63.81
	Effective tax rate		30.80			29.45			29.62			30.06			28.59

PERIOD-END BALANCES
	Securities	$	352,726		$	357,445		$	345,661		$	352,726		$	345,661
	Loans held for sale		5,996			4,776			3,266			5,996			3,266
	Loans, net of unearned income		1,164,821			1,083,201			1,005,525			1,164,821			1,005,525
	Goodwill and other intangibles		45,591			45,766			46,555			45,591			46,555
	Assets		1,678,638			1,615,534			1,547,599			1,678,638			1,547,599
	Assets - tangible (a)		1,633,047			1,569,768			1,501,044			1,633,047			1,501,044
	Deposits		1,370,640			1,306,008			1,262,660			1,370,640			1,262,660
	Customer repurchase agreements		39,166			44,090			40,611			39,166			40,611
	Other short-term borrowings		20,000			15,000			-			20,000			-
	Long-term borrowings		37,704			37,672			37,580			37,704			37,580
	Shareholders' equity		201,380			203,713			197,835			201,380			197,835
	Shareholders' equity - tangible (a)		155,789			157,947			151,280			155,789			151,280

AVERAGE BALANCES
	Securities (d)	$	345,035		$	354,780		$	344,025		$	351,961		$	349,116
	Loans held for sale		4,758			3,761			3,446			3,171			2,531
	Loans, net of unearned income		1,110,524			1,064,606			983,725			1,060,106			973,329
	Interest-earning assets		1,515,597			1,477,208			1,405,645			1,470,648			1,391,486
	Goodwill and other intangibles		45,693			45,872			47,193			46,037			47,575
	Assets		1,643,250			1,605,387			1,534,247			1,598,149			1,523,766
	Assets - tangible (a)		1,597,557			1,559,515			1,487,054			1,552,112			1,476,191
	Interest-bearing deposits		986,622			973,431			931,223			970,728			934,716
	Deposits		1,345,743			1,301,874			1,247,612			1,301,043			1,232,199
	Customer repurchase agreements		45,281			50,013			42,524			46,832			48,105
	Other short-term borrowings		1,087			1,521			-			656			14
	Long-term borrowings		37,686			37,655			37,561			37,640			37,515
	Shareholders' equity		203,603			203,451			197,658			202,074			196,518
	Shareholders' equity - tangible (a)		157,910			157,579			150,465			156,037			148,943


American National Bankshares Inc.
Financial Highlights

(In thousands, except share, ratio and nonfinancial data, unaudited)
			4th Qtr			3rd Qtr			4th Qtr			YTD			YTD
			2016			2016			2015			2016			2015
CAPITAL
	Weighted average shares outstanding - basic			8,615,700			8,608,323			8,627,414			8,611,507			8,680,502
	Weighted average shares outstanding - diluted			8,629,777			8,618,335			8,633,778			8,621,241			8,688,450

ALLOWANCE FOR LOAN LOSSES
	Beginning balance		$	12,757		$	12,674		$	12,611		$	12,601		$	12,427
	Provision for loan losses			50			100			250			250			950
	Charge-offs			(81	)		(86	)		(317	)		(326	)		(1,200	)
	Recoveries			75			69			57			276			424
	Ending balance		$	12,801		$	12,757		$	12,601		$	12,801		$	12,601

LOANS
	Construction and land development		$	114,258		$	91,688		$	72,968		$	114,258		$	72,968
	Commercial real estate			510,960			454,797			430,186			510,960			430,186
	Residential real estate			215,104			218,632			220,434			215,104			220,434
	Home equity			110,751			108,617			98,449			110,751			98,449
	Commercial and industrial			208,717			204,184			177,481			208,717			177,481
	Consumer			5,031			5,283			6,007			5,031			6,007
	Total		$	1,164,821		$	1,083,201		$	1,005,525		$	1,164,821		$	1,005,525

NONPERFORMING ASSETS AT PERIOD-END
	Nonperforming loans:
		90 days past due and accruing	$	587		$	320		$	91		$	587		$	91
		Nonaccrual		2,965			3,526			5,114			2,965			5,114
	Other real estate owned			1,328			1,145			2,184			1,328			2,184
	Nonperforming assets		$	4,880		$	4,991		$	7,389		$	4,880		$	7,389

ASSET QUALITY RATIOS
	Allowance for loan losses to total loans			1.10	%		1.18	%		1.25	%		1.10	%		1.25	%
	Allowance for loan losses to
	nonperforming loans			360.39			331.70			242.09			360.39			242.09
	Nonperforming assets to total assets			0.29			0.31			0.48			0.29			0.48
	Nonperforming loans to total loans			0.30			0.36			0.52			0.30			0.52
	Annualized net charge-offs (recoveries) to average loans			0.00			0.01			0.11			0.00			0.08


OTHER DATA
	Fiduciary assets at period-end (e) (f)		$	498,767		$	502,390		$	491,681		$	498,767		$	491,681
	Retail brokerage assets at period-end (e) (f)		$	282,454		$	278,089		$	257,546		$	282,454		$	257,546
	Number full-time equivalent employees (g)			320			309			303			320			303
	Number of full service offices			26			25			25			26			25
	Number of loan production offices			2			2			2			2			2
	Number of ATM's			33			33			33			33			33

Notes:

(a) - Excludes goodwill and other intangible assets.

(b) - Excludes amortization expense, net of tax, of intangible assets.

(c) - The efficiency ratio is calculated by dividing noninterest expense excluding gains or losses on the sale of OREO by net

interest income including tax equivalent income on nontaxable loans and securities and noninterest income and excluding (i) gains or losses on

securities and (ii) gains or losses on sale of premises and equipment.

(d) - Average does not include unrealized gains and losses.

(e) - Market value.

(f) - Assets are not owned by the Company and are not reflected in the consolidated balance sheet.

(g) - Average for quarter.


Net Interest Income Analysis
For the Three Months Ended December 31, 2016 and 2015
(in thousands, except rates)
Unaudited

							Interest
			Average Balance				Income/Expense				Yield/Rate

			2016		2015		2016		2015		2016		2015
Loans:
	Commercial		$	204,489	$	166,771	$	2,003	$	1,506	3.90	%	3.58	%
	Real estate			905,721		814,502		10,143		10,245	4.48		5.03
	Consumer			5,072		5,898		98		135	7.69		9.08
		Total loans		1,115,282		987,171		12,244		11,886	4.39		4.81

Securities:
	Federal agencies & GSEs			96,134		88,255		423		364	1.76		1.65
	Mortgage-backed & CMOs			79,643		62,652		400		352	2.01		2.25
	State and municipal			152,518		176,148		1,311		1,613	3.44		3.66
	Other			16,740		16,970		150		144	3.58		3.39
		Total securities		345,035		344,025		2,284		2,473	2.65		2.88

Federal funds sold				-		-		-		-	0.00		0.00
Deposits in other banks				55,280		74,449		73		81	0.53		0.43

		Total interest-earning assets		1,515,597		1,405,645		14,601		14,440	3.85		4.11

Non-earning assets				127,653		128,602

		Total assets	$	1,643,250	$	1,534,247

Deposits:
	Demand		$	204,910	$	223,724		10		22	0.02		0.04
	Money market			276,435		197,230		148		65	0.21		0.13
	Savings			119,770		111,742		9		14	0.03		0.05
	Time			385,507		398,527		1,034		1,127	1.07		1.12
		Total deposits		986,622		931,223		1,201		1,228	0.48		0.52

Customer repurchase agreements				45,281		42,524		2		2	0.02		0.02
Other short-term borrowings				1,087		-		2		-	0.74		0.00
Long-term borrowings				37,686		37,561		316		277	3.35		2.95
	Total interest-bearing
		liabilities		1,070,676		1,011,308		1,521		1,507	0.57		0.59

Noninterest bearing demand deposits				359,121		316,389
Other liabilities				9,850		8,892
Shareholders' equity				203,603		197,658
	Total liabilities and
		shareholders' equity	$	1,643,250	$	1,534,247

Interest rate spread											3.28	%	3.52	%
Net interest margin											3.45	%	3.68	%

Net interest income (taxable equivalent basis)								13,080		12,933
Less: Taxable equivalent adjustment								434		489
Net interest income							$	12,646	$	12,444

Net Interest Income Analysis
For the Years Ended December 31, 2016 and 2015
(in thousands, except yields and rates)
Unaudited

							Interest
			Average Balance				Income/Expense				Yield/Rate

			2016		2015		2016		2015		2016	2015
Loans:
	Commercial		$	198,326	$	156,646	$	7,856	$	6,893	3.96 %	4.40 %
	Real estate			859,721		809,545		39,763		39,362	4.63	4.86
	Consumer			5,230		9,669		605		730	11.57	7.55
		Total loans		1,063,277		975,860		48,224		46,985	4.54	4.81

Securities:
	Federal agencies & GSEs			96,009		88,384		1,674		1,364	1.74	1.54
	Mortgage-backed & CMOs			79,720		61,741		1,635		1,346	2.05	2.18
	State and municipal			160,279		183,208		5,647		6,746	3.52	3.68
	Other			15,953		15,783		560		532	3.51	3.37
		Total securities		351,961		349,116		9,516		9,988	2.70	2.86

Federal funds sold				-		5,230		-		6	0.00	0.11
Deposits in other banks				55,410		61,280		276		204	0.50	0.33

	Total interest-earning assets			1,470,648		1,391,486		58,016		57,183	3.94	4.11

Non-earning assets				127,501		132,280

		Total assets	$	1,598,149	$	1,523,766

Deposits:
	Demand		$	216,521	$	223,825		99		82	0.05	0.04
	Money market			239,262		196,828		432		260	0.18	0.13
	Savings			118,144		109,697		47		53	0.04	0.05
	Time			396,801		404,366		4,525		4,416	1.14	1.09
		Total deposits		970,728		934,716		5,103		4,811	0.53	0.51

Customer repurchase agreements				46,832		48,105		5		9	0.01	0.02
Other short-term borrowings				656		14		5		-	0.76	0.36
Long-term borrowings				37,640		37,515		1,203		1,084	3.20	2.89
	Total interest-bearing
		liabilities		1,055,856		1,020,350		6,316		5,904	0.60	0.58

Noninterest bearing demand deposits				330,315		297,483
Other liabilities				9,904		9,415
Shareholders' equity				202,074		196,518
	Total liabilities and
		shareholders' equity	$	1,598,149	$	1,523,766

Interest rate spread											3.34 %	3.53 %
Net interest margin											3.52 %	3.69 %

Net interest income (taxable equivalent basis)								51,700		51,279
Less: Taxable equivalent adjustment								1,846		2,014
Net interest income							$	49,854	$	49,265

Contact Information:

Contact:
William W. Traynham
Chief Financial Officer
434-773-2242
traynhamw@amnb.com

American National Bankshares Inc. Reports Fourth Quarter 2016 Earnings