Carroll Bancorp, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Carroll Bancorp, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2016. announced quarterly net income of $53,000, or $0.06 per diluted common share, for the quarter ended June 30, 2016 compared to $75,000, or $0.08 per diluted common share, for the quarter ended June 30, 2015. Net interest income was $1,236,000 against $1,082,000 a year ago. Income before income tax expense was $74,000 against $116,000 a year ago. Return on average assets was 0.14% against 0.25% a year ago. Return on average equity was 1.30% against 1.88% a year ago.
The company earned $123,000, or $0.13 per diluted common share, for the six months ended June 30, 2016 compared to net income of $130,000, or $0.15 per diluted common share, for the six months ended June 30, 2015. Net interest income was $2,479,000 against $2,106,000 a year ago. Income before income tax expense was $173,000 against $198,000 a year ago. Return on average assets was 0.16% against 0.22% a year ago. Return on average equity was 1.50% against 1.72% a year ago.