Presidio Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. Net interest income was $5.1 million in the third quarter was up 8.3% over the second quarter of 2015 and 7.8% over the quarter ended September 30, 2014 of $4.766 million. Net income applicable to common shareholders was $532,000 for the quarter, a decrease of $9,000, 1.7% over the second quarter 2015 due exclusively to the Provision For Loan Loss Expense incurred in the third quarter of 2015. Diluted Earnings per Common Share were $0.09 for the quarter compared to $0.12 in the second quarter of 2015 and $0.18 in the third quarter of 2014. Book Value per Share increased to $10.37 per share as of September 30, 2015 from $10.27 per share at June 30, 2015 and $9.53 per share at September 30, 2014. Net income before taxes was $1.167 million against $1.543 million a year ago. Return on average assets was 0.45% against 0.73% a year ago. Return on average common equity was 3.84% against 8.02% a year ago.

For the nine months, the company reported net interest income of $14.470 million against $13.791 million a year ago. Net income before taxes was $3.160 million against $4.123 million a year ago. Net income to common shareholders was $1.435 million or $0.29 per diluted share against $2.150 million or $0.48 per diluted share a year ago. Return on average assets was 0.44% against 0.68% a year ago. Return on average common equity was 4.11% against 7.37% a year ago.