Empire Bancorp, Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported interest income of $8,514,000 against $7,515,000 a year ago. Net interest income was $6,283,000 against $6,410,000 a year ago. Net interest income after provision for loan losses was $6,283,000 against $6,270,000 a year ago. Income before income taxes was $1,242,000 against $1,648,000 a year ago. Net income was $1,012,000 or $0.13 per basic and diluted share against $1,074,000 or $0.15 per basic and diluted share a year ago. Return on average assets was 0.42% against 0.52% a year ago. Return on average equity was 6.28% against 6.50% a year ago. Book value per share was $8.62 against $8.70 a year ago.

For the six months, the company reported interest income of $16,592,000 against $14,434,000 a year ago. Net interest income was $12,439,000 against $12,448,000 a year ago. Net interest income after provision for loan losses was $12,212,000 against $12,178,000 a year ago. Income before income taxes was $1,802,000 against $2,968,000 a year ago. Net income was $1,520,000 or $0.20 per diluted share against $1,942,000 or $0.27 per basic and diluted share a year ago. Return on average assets was 0.32% against 0.48% a year ago. Return on average equity was 4.69% against 6.02% a year ago. Book value per share was $9.26 against $9.59 a year ago.

In the second quarter of 2018, the company recorded a charge off of $78,000 as compared to a charge off of $11,000 in the first quarter of 2018, and a charge off for $264,000 recorded in the second quarter of 2017.