SBT Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest and dividend income was $4,283,000 against $4,136,000 a year ago. Net interest and dividend income was $3,770,000 against $3,678,000 a year ago. Income before income tax was $1,167,000 against $778,000 a year ago. Net income available to common stockholders was $682,000 against $604,000 a year ago. Diluted per share was $0.5 against $0.45 a year ago. Net interest and dividend income increased $92,000, or 2.5%, primarily driven by a $143,000, or 3.8%, increase in interest and fees on loans. The increase was partially offset by increased interest expense on deposits of $111,000. For the full year, the company reported total interest and dividend income was $16,911,000 against $15,145,000 a year ago. Net interest and dividend income was $14,773,000 against $13,551,000 a year ago. Income before income tax was $3,358,000 against $1,769,000 a year ago. Net income available to common stockholders was $2,354,000 against $1,492,000 a year ago. Diluted per share was $1.72 against $1.1 a year ago. Net income for the three and twelve months ended December 31, 2017 was impacted by a net write-down of the deferred tax assets related to the Tax Cuts & Jobs Act (TCJA) in the amount of $167,000. Excluding the impact of the TCJA, net income would have been $849,000 or $0.62 basic and $0.62 diluted earnings per share for the quarter ended December 31, 2017. Total revenue increased $1.1 million, or 6.9%, in fiscal 2017 as compared to fiscal 2016, primarily due to growth in the Bank's commercial loan portfolio. Net interest and dividend income increased $1.2 million, or 9.0%, primarily driven by a $1.8 million, or 12.9%, increase in interest and fees on loans. The increase was partially offset by decreased interest income on securities of $153,000 and increased interest expense of $544,000.