Clarkston Financial Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest and fees on loans was $1.466 million compared with $1.399 million for the same period last year. Total interest income was $1.499 million compared with $1.431 million for the same period last year. Net Interest Income was $1.366 million compared with $1.275 million for the same period last year. Net income was $0.299 million compared with $0.205 million for the same period last year. Book value per share was $3.67 compared with $1.83 for the same period last year. Return on average assets was 0.87% compared with 0.66% for the same period last year. Return on average equity was 10.21% compared with 14.25% for the same period last year.

For the nine months, the company reported interest and fees on loans was $4.336 million compared with $4.077 million for the same period last year. Total interest income was $4.447 million compared with $4.166 million for the same period last year. Net Interest Income was $4.042 million compared with $3.676 million for the same period last year. Net income was $0.811 million compared with $0.486 million for the same period last year. The positive operating performance of the Bank continues. Local market conditions are improving which has translated into new opportunities for loans and deposits.