Codorus Valley Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income of $14,002,000 against $12,299,000 a year ago. Income before income taxes was $5,501,000 against $3,953,000 a year ago. Net income was $3,842,000 against $2,770,000 a year ago. Net income available to common shareholders was $3,842,000 or $0.46 per basic and diluted share against $2,740,000 or $0.40 per basic and diluted share a year ago. Tangible book value per common share was $18.11 against $17.33 a year ago. Book value per common share was $18.39 against $17.61 a year ago. Return on average assets was 1.01% against 0.78% a year ago. Return on average equity was 9.86% against 8.38% a year ago. Return on average realized equity was 9.92% against 8.52% a year ago. For the year, the company reported net interest income of $53,581,000 against $47,828,000 a year ago. Income before income taxes was $18,988,000 against $15,948,000 a year ago. Net income was $13,102,000 against $11,135,000 a year ago. Net income available to common shareholders was $13,086,000 or $1.55 per diluted share against $11,015,000 or $1.67 per diluted share a year ago. Return on average assets was 0.88% against 0.82% a year ago. Return on average equity was 8.47% against 8.94% a year ago. Return on average realized equity was 8.58% against 9.12% a year ago. The decrease in earnings per share was primarily a result of the 1,746,850 common shares issued in the $34.5 million public offering completed in December 2015. The growth in net interest income for the three months and year ended December 31, 2016 was driven by an increase in interest earning assets, primarily commercial loans.