Ohio Valley Banc Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's net interest income was $8.2 million compared with $7.8 million a year ago. The increase was related to the higher net interest margin for the fourth quarter, which more than offset the $40 million decline in average earning assets. Income before income taxes was $2.6 million compared with $2.3 million a year ago. Net income was $1.9 million compared with $1.6 million a year ago. Return on average equity was 9.46% compared with 8.45% a year ago. Return on average assets was 1.00% compared with 0.81% a year ago.

For the year, the company's net interest income was $32.4 million compared with $32.7 million a year ago. Contributing to the lower year-to-date net interest income was the decline in average earning assets, which was partially offset by a higher net interest margin. Income before income taxes was $11.1 million compared with $9.8 million a year ago. Net income was $8.1 million compared with $7.1 million a year ago. As on December 31, 2013, the company's book value per share was $19.62. Return on average equity was 10.40% compared with 9.53% a year ago. Return on average assets was 1.04% compared with 0.86% a year ago.

The company announced net charge-offs of $914,000 for the fourth quarter of 2013.