Clarkston Financial Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported a net income of $280,000 or $0.09 per share for the three months ended March 31, 2014, compared to net income of $99,000 or $0.03 per share for the three months ended March 31, 2013. This represents an increase of $181,000 or 182.83% year over year. The Corporation's net interest income increased to $1,330,000 for the quarter ended March 31, 2014 compared to $1,168,000 for the same period ended March 31, 2013, an increase of $162,000 or 13.87%. Income before income taxes was $280,000 against $99,000 a year ago. Book value per share was $3.48 against $1.71 a year ago. Return on average assets was 0.87% against 0.33% a year ago. Return on average assets – CSB was 1.29% against 0.75% a year ago. Return on average equity was 10.06% against 7.29% a year ago. Return on average equity – CSB was 10.49% against 8.35% a year ago.

The company reported gross loan charge-offs of $25,000 for the first quarter of 2014 against $26,000 a year ago.