Porter Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Unaudited Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2013
For the full year, the company's net interest income was $32,085,000 against $41,955,000 a year ago. Net interest income after provision was $31,385,000 against $1,705,000 a year ago. Loss before income taxes was $1,586,000 against $32,997,000 a year ago. Net loss was $1,586,000 against $32,932,000 a year ago. Net loss attributable to common was $3,398,000 or $0.29 basic and diluted per share against $33,432,000 or $2.85 basic and diluted per share a year ago. Negative return on average assets was 0.14% against 2.45% a year ago. Negative return on average equity was 3.72% against 43.52% a year ago. Negative book value was $0.18 per share against book value of $0.74 per share a year ago. Tangible book value per common share was $0.29 per share against book value of $0.58 per share a year ago.
For the quarter, the company's net charge-offs was $3,630,000 against $4,339,000 a year ago.