CBB Bancorp, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported interest income of $12,471,000 against $10,096,000 a year ago. Net interest income was $10,184,000 against $8,596,000 a year ago. Net interest income after provision for loan losses was $10,184,000 against $8,596,000 a year ago. Income before income tax expense was $5,140,000 against $5,811,000 a year ago. Net income was $1,013,000 against $3,440,000 a year ago. Diluted EPS was $0.11 against $0.37 a year ago. Return on average assets was 0.39% against 1.53% a year ago. Return on average equity was 3.46% against 13.58% a year ago. The current quarter’s net income and earnings per diluted share were adversely impacted by a $2.0 million write down of the Company’s net deferred asset that was required under U.S. generally accepted accounting principles (GAAP) when the Tax Cuts and Jobs Act (the Act) was signed into law on December 22, 2017. Excluding the impact of the write down of the company’s net deferred tax asset, net income would have been $3.0 million, or $0.32 per diluted share, for the current quarter. For the year, the company reported interest income of $46,703,000 against $39,243,000 a year ago. Net interest income was $39,023,000 against $33,552,000 a year ago. Net interest income after provision for loan losses was $38,509,000 against $29,652,000 a year ago. Income before income tax expense was $23,689,000 against $19,228,000 a year ago. Net income was $12,050,000 against $11,437,000 a year ago. Diluted EPS was $1.27 against $1.24 a year ago. Return on average assets was 1.23% against 1.38% a year ago. Return on average equity was 10.92% against 11.80% a year ago. Excluding the impact of the write down of the company’s net deferred tax asset, net income for 2017 would have been $14.1 million, or $1.49 per diluted share. The annual year-over-year increase was primarily attributable to a $6.1 million increase in interest earned on loans, a $1.1 million increase in interest earned on investment securities, and a $364,000 increase in interest earned on deposits at the FRB and the other banks, which were partially offset by a $1.9 million increase in interest paid on deposits. The annual year-over-year increase in interest earned on loans was primarily due to a $91.7 million increase in the average balance of loans combined with a 14 basis point increase in the yield on loans to 5.57% from 5.43%.