Fauquier Bankshares Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net income of $910,000 compared with $870,000 for the same quarter in 2010, representing an increase of 4.6%. Basic and diluted earnings per share were $0.25 compared with $0.24 per share in the fourth quarter of 2010. Return on average assets was 0.59% and return on average equity was 7.63% for the fourth quarter of 2011, compared with 0.57% and 7.78%, respectively, for the fourth quarter of 2010. Net interest income was $5,463,000 against $5,585,000 a year ago. Income before income taxes was $1,258,000 against $1,025,000 a year ago. Book value per share at period end was $12.96 against $12.13 a year ago. For the year, net income was $4.1 million compared with $3.7 million for 2010, an increase of 12.3%. Basic and diluted earnings per share were $1.12 compared with $1.01 for 2010. The improvement in year-to-date earnings was primarily attributable to a $674,000 increase in noninterest income, and a $775,000 decrease on the net loss on the sale or impairment of securities from 2010. This was partially offset by an increase of $898,000 in loss on sale or impairment of other real estate owned (OREO). Return on average assets was 0.69% and return on average equity was 8.93%, compared with 0.63% and 8.34%, respectively, for 2010. Net interest income was $22,074,000 against $22,206,000 a year ago. Income before income taxes was $5,553,000 against $4,760,000 a year ago.