Bay Commercial Bank announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported interest income was $3.68 million against $3.33 million a year ago. Net interest income was $3.09 million against $2.72 million a year ago. Net income before tax was $0.952 million against $6.47 million a year ago. Net income was $0.624 million against $6.8 million a year ago. Diluted income per share was $0.13 against $1.49 a year ago.

For the full year, the company reported interest income was $14.73 million against $10.32 million a year ago. Net interest income was $12.37 million against $8.55 million a year ago. Net income before tax was $3.85 million against $7.33 million a year ago. Net income was $2.15 million against $7.31 million a year ago. Diluted income per share was $0.45 against $1.92 a year ago. Excluding the merger related items, net income in 2012 exceed 2011 net income by $1.416 million or 192% primarily due to higher net interest margin partially offset by higher operating expenses.

For the fiscal 2013, the company remain committed to the pursuit of external strategic growth opportunities. The company believes that a continued focus on earnings, efficiency and a sound credit culture are important ingredients to growing a successful franchise.