1st Capital Bank reported unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest and dividend income of $4.179 million compared to $3.768 million a year ago. Net interest income was $4.017 million compared to $3.613 million a year ago. Income before provision for income taxes was $1.145 million compared to $1.064 million a year ago. Net income was $0.674 million or $0.16 per diluted share compared to $0.627 million or $0.16 per diluted share a year ago. Return on average total assets was 0.53% compared to 0.55% a year ago. Return on average shareholders' equity was 6.04% compared to 6.09% a year ago. Nominal and tangible book value per share was $10.95 compared to $10.90 a year ago.

For the year, the company reported total interest and dividend income of $15.710 million compared to $13.819 million a year ago. Net interest income was $15.045 million compared to $13.198 million a year ago. Income before provision for income taxes was $3.825 million compared to $3.330 million a year ago. Net income was $2.831 million or $0.58 per diluted share compared to $1.960 million or $0.49 per diluted share a year ago. Return on average total assets was 0.49% compared to 0.45% a year ago. Return on average shareholders' equity was 5.51% compared to 4.96% a year ago.

The bank recorded net charge-offs of $4,000 in the fourth quarter of 2015, net of $17,000 in recoveries.