Carroll Bancorp, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $47,000 or $0.14 per common share compared to net loss of $65,000 or $0.19 per common share reported a year ago. Net interest income was $949,000 compared to $949,000 reported a year ago. Income before income tax expense (benefit) was $77,000 compared to loss before income tax expense (benefit) of $144,000 a year ago. Return on average assets was 0.17% compared to negative return on average assets of 0.25% reported a year ago. Return on average equity was 2.20% compared to negative return on average equity of 3.01% reported a year ago.

For the year, the company reported net income of $222,000 or $0.67 per common share compared to net loss of $63,000 or $0.19 per common share reported a year ago. Net interest income was $3,583,000 compared to $2,990,000 reported a year ago. Income before income tax expense (benefit) was $330,000 compared to loss before income tax expense (benefit) of $151,000 a year ago. Return on average assets was 0.21% compared to negative return on average assets of 0.06% reported a year ago. Return on average equity was 2.62% compared to negative return on average equity of 0.73% reported a year ago.