SaviBank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, net interest income was $2,133,000 against $1,742,000 a year ago. Income before tax was $489,000 against $471,000 a year ago. Net loss was $1,139,000 against net loss of $5,025,000 a year ago. Loss per share, basic and diluted was $0.0666 against earnings of $0.43 a year ago. Negative return on average equity was 15.03% against return on average equity of 123.59% a year ago. Negative return on average assets was 2.12% against return on average assets 11.75% a year ago.

For the year, net interest income was $8,163,000 against $6,414,000 a year ago. Income before tax was $2,283,000 against $1,175,000 a year ago. Net income was $27,000 against $5,729,000 a year ago. Earnings per share, basic and diluted were $0.0016 against $0.49 a year ago. Return on average equity was 0.10% against 37.79% a year ago. Return on average assets was 0.01% against 3.66% a year ago. Book value per share was $1.69 at December 31, 2017, compared to $1.72 a year ago.

For the fourth quarter of 2017, the company reported net charge-offs were $51,000 compared to $30,000 a year ago.