Metro Phoenix Bank, Inc. reported unaudited earnings results for second quarter and six months ended June 30, 2018. For the quarter, the company's interest income was $2,666,000 compared to $1,897,000 a year ago. Net Interest Income was $2,407,000 compared to $1,768,000 a year ago. Income before income taxes was $985,000 compared to $754,000 a year ago. Net Income was $729,000 compared to $464,000 a year ago. Earnings $0.22 per share compared to $0.14 per share a year ago. Book value per share was $8.61 compared to $7.80 a year ago. Return on average shareholders' equity (annualized) was 10.17% compared to 8.93% a year ago. Return on average assets (annualized) was 1.59% compared to 1.20% a year ago.

For the six months, the company's interest income was $5,194,000 compared to $3,688,000 a year ago. Net Interest Income was $4,739,000 compared to $3,451,000 a year ago. Income before income taxes was $2,101,000 compared to $2,767,000 a year ago. Net Income was $1,557,000 compared to $1,700,000 a year ago. Earnings $0.46 per share compared to $0.50 per share a year ago. Return on average shareholders' equity (annualized) was 11.07% compared to 18.72% a year ago. Return on average assets (annualized) was 1.74% compared to 2.31% a year ago.

For the second quarter of 2018 the company reported net charge offs of $1,000 compared to $1,000 a year ago.