Frederick County Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income were $3.503 million against $3.377 million a year ago. Net interest income was $3.146 million against $2.979 million a year ago. Net interest income after provision for loan losses was $2.546 million against $3.157 million a year ago. Income before provision for income taxes was $0.184 million against $1.364 million a year ago. Net income was $0.149 million against $0.891 million a year ago. Diluted earnings per share were $0.10 against $0.57 a year ago. Book value per share was $20.89 against $20.03 a year ago. Return on average assets was 0.16% against 1.00% a year ago. Return on average equity was 1.90% against 12.17% a year ago.

For the year, the company reported total interest income were $13.853 million against $13.172 million a year ago. Net interest income was $12.412 million against $11.571 million a year ago. Net interest income after provision for loan losses was $11.562 million against $11.749 million a year ago. Income before provision for income taxes was $1.785 million against $3.099 million a year ago. Net income was $1.257 million against $2.104 million a year ago. Diluted earnings per share were $0.82 against $1.36 a year ago. Net cash provided by operating activities was $1.942 million against $2.342 million a year ago. Purchases of bank premises and equipment were $1.499 million against $0.549 million a year ago. Return on average assets was 0.34% against 0.60% a year ago. Return on average equity was 4.09% against 7.31% a year ago.

For the 2016 fourth quarter, negative net charge-offs was $0.022 million against $0.189 million a year ago.