Codorus Valley Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported interest income of $18,552,000 against $16,233,000 a year ago. Net interest income was $15,567,000 against $14,002,000 a year ago. Income before income taxes was $6,385,000 against $5,501,000 a year ago. Net income was $1,490,000 against $3,842,000 a year ago. Net income available to common shareholders was $1,490,000 against $3,842,000 a year ago. Diluted earnings share was $0.17 against $0.43 a year ago. Net income available to common shareholders Comparable (Non-GAAP) was $4,245,000 against $3,842,000 a year ago. Return on average assets was 0.35% against 1.01% a year ago. Return on average equity was 3.58% against 9.86% a year ago. Return on average realized equity was 3.57% against 9.92% a year ago. For the year, the company reported interest income of $70,415,000 against $62,230,000 a year ago. Net interest income was $59,547,000 against $53,581,000 a year ago. Income before income taxes was $21,908,000 against $18,988,000 a year ago. Net income was $12,004,000 against $13,102,000 a year ago. Net income available to common shareholders was $12,004,000 against $13,086,000 a year ago. Diluted earnings share was $1.34 against $1.48 a year ago. The decrease in net income and earnings per share, for the quarter and year, was primarily the result of a $2.8 million reduction in the net deferred tax asset value due to the new corporate tax rate of 21% enacted as part of the Tax Cuts and Jobs Act. Net income available to common shareholders Comparable (Non-GAAP) was $14,759,000 against $13,086,000 a year ago. Tangible book value per common share was $18.18 against $17.25 a year ago. Book value per common share was $18.44 against $17.51 a year ago. Return on average assets was 0.72% against 0.88% a year ago. Return on average equity was 7.40% against 8.47% a year ago. Return on average realized equity was 7.38% against 8.58% a year ago.