Apollo Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2015. The company reported net income for the quarter ended December 31, 2015 of $319,000 or $0.65 per share, compared with fourth quarter 2014 earnings of $344,000, or $0.69 per share. Net interest income increased $43,000 compared with fourth quarter 2014 primarily as the result of a $112,000 increase in interest earned on loans.

Net income for the year ended December 31, 2015 totaled $1,403,000 resulting in an annualized return on average assets (ROA) of 0.89% and annualized return on average equity (ROE) of 7.43%. Net income for 2014 totaled $1,353,000 for a 0.88% ROA and 7.67% ROE. Earnings per share totaled $2.81 for 2015 compared with $2.71 for 2014. The increase in 2015 year-end earnings compared with 2014 was primarily the result of a $114,000 increase in net interest income offset by an increase of $21,000 in noninterest expense.