Carroll Bancorp, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2016. The company announced quarterly net income of $42,000, or $0.04 per diluted common share, for the quarter ended September 30, 2016 compared to net income of $81,000, or $0.08 per diluted common share, for the quarter ended September 30, 2015. Interest and dividend income was $1,471,000 against $1,333,000 for the same period of last year. Net interest income was $1,203,000 against $1,172,000 for the same period of last year. Income before income tax expense was $54,000 against $137,000 for the same period of last year. Return on average assets was 0.10% against 0.25% for the same period of last year. Return on average equity was 1.02% against 1.98% for the same period of last year. The company earned $165,000, or $0.17 per diluted common share, for the nine months ended September 30, 2016 compared to net income of $211,000, or $0.23 per diluted common share, for the nine months ended September 30, 2015. Interest and dividend income was $4,414,000 against $3,751,000 for the same period of last year. Net interest income was $3,682,000 against $3,278,000 for the same period of last year. Income before income tax expense was $227,000 against $335,000 for the same period of last year. Return on average assets was 0.14% against 0.23% for the same period of last year. Return on average equity was 1.34% against 1.81% for the same period of last year. Net interest income increased during the three and nine months ended September 30, 2016 by $31,000 and $404,000, respectively, compared to the three and nine months ended September 30, 2015, primarily as a result of the loan growth it experienced during 2015 having a full year to date impact in 2016.