Clarkston Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total interest income of $1,532,000 compared to $1,499,000 a year ago. Net interest income was $1,421,000 compared to $1,366,000 a year ago. Income before income taxes was $500,000 compared to $299,000 a year ago. Net income was $336,000 or $0.10 per basic and diluted share compared to $299,000 or $0.09 per basic and diluted share a year ago. Return on average assets was 0.91% compared to 0.87% a year ago. Return on average equity was 9.99% compared to 10.21% a year ago.

For the nine months period, the company reported total interest income of $4,488,000 compared to $4,447,000 a year ago. Net interest income was $4,105,000 compared to $4,042,000 a year ago. Income before income taxes was $1,204,000 compared to $811,000 a year ago. Net income was $803,000 or $0.25 per basic and diluted share compared to $811,000 or $0.25 per basic and diluted share a year ago. Book value per share as at September 30, 2015 was $4.19 compared to $3.67 a year ago.

The company reported net loan charge-offs of $16,000 for the third quarter of 2015 compared to $12,000 a year ago.