Carolina Trust BancShares, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, interest income was $3,966,000 against $3,891,000 a year ago. Net Interest Income was $3,274,000 against $3,292,000 a year ago. Income before taxes was $249,000 against $898,000 a year ago. Net income available to common shareholders was $27,000 against $372,000 a year ago. Net income per common share was $0.01 against $0.08 a year ago. Book value per common share as at September 30, 2016 was $6.26 against $6.02 a year ago. Tangible book value per common share as at September 30, 2016 was $6.24 against $5.98 a year ago. Return on average assets was 0.09% against 0.51% a year ago. Return on average common equity was 0.37% against 5.27% a year ago.

For nine months, interest income was $12,076,000 against $10,949,000 a year ago. Net Interest Income was $10,042,000 against $9,239,000 a year ago. Income before taxes was $1,622,000 against $1,815,000 a year ago. Net income available to common shareholders was $784,000 against $791,000 a year ago. Net income per common share was $0.17 against $0.17 a year ago.

For the quarter, the company reported net loan charge-offs of $58,000.