Carroll Bancorp, Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $1,000,000 compared to net interest income of $949,000 for the same period a year ago Income before income tax expense was $197,000 compared to $77,000 last year. Net income was $118,000 or $0.26 per basic and diluted share compared to $47,000 or $0.14 per basic and diluted share last year. Return on average assets was 0.41% compared to 0.17% last year. Return on average equity was 4.38% compared to 2.20% last year.

For the year, the company reported net interest income of $3,827,000 compared to net interest income of $3,583,000 for the same period a year ago Income before income tax expense was $626,000 compared to $330,000 last year. Net income was $390,000 or $0.90 per diluted share compared to $222,000 or $0.66 per diluted share last year. Return on average assets was 0.35% compared to 0.21% last year. Return on average equity was 3.88% compared to 2.62% last year.