Malaga Financial Corporation reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net income of $3,090,000 or $0.50 basic and fully diluted earnings per share, an increase of $169,000 or 6% from net income of $2,921,000 or $0.48 basic and fully diluted earnings per share for the quarter ended December 31, 2015. For the year, the company’s net income was $11,559,000 or $1.89 basic and $1.88 fully diluted earnings per share as compared to $11,406,000 or $1.88 basic and $1.87 fully diluted earnings per share for the twelve months ended December 31, 2015, a 1% increase. Earnings for the twelve months ended December 31, 2016 resulted in a pre-tax return on average equity of 17.25%. For 2016, net interest income totaled $30,570,000, an increase of $235,000 or 1% from 2015. This increase reflected higher average interest-earning assets of $14.7 million, offset by decrease of 0.02% in the interest rate spread to 3.04%.