Carolina Trust BancShares, Inc. reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company interest Income of $4,077,000 against $4,027,000 a year ago. Net interest income was $3,254,000 against $3,389,000 a year ago. Income before taxes was $319,000 against $650,000 a year ago. Net income $211,000 against $417,000 a year ago. Net income available to common shareholders was $211,000 or $0.04 per diluted share against $358,000 or $0.08 per diluted share a year ago. Tangible book value per common share was $6.28 against $6.09 a year ago. Return on average total assets was 0.23% against 0.48% a year ago. Return on average shareholder's equity was 2.92% was 5.08% a year ago.

For the quarter, the company announced net loan charge-offs of $73,000 against $122,000 a year ago.