State Bank Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net income of $137,000 or $0.02 per basic and diluted share compared to net loss of $2,893,000 or $0.75 per basic and diluted share a year ago. Total interest income was $3,347,000 compared to $3,427,000 a year ago. Net interest income was $2,980,000 compared to $2,827,000 a year ago. Income before provision for income taxes was $137,000 compared to loss before provision for income taxes of $902,000 a year ago. Total revenue (net interest income + non interest income) was $3,545,000 compared to $3,406,000 a year ago. Return on average assets was 0.19% compared to negative return on average assets of 3.63% a year ago. Return on average equity was 1.99% compared to negative return on average equity of 44.46% a year ago. For the full year, the company reported net income of $542,000 or $0.10 per basic and diluted share compared to net loss of $10,176,000 or $2.64 per basic and diluted share a year ago. Total interest income was $13,002,000 compared to $15,441,000 a year ago. Net interest income was $11,229,000 compared to $11,788,000 a year ago. Income before provision for income taxes was $542,000 compared to loss before provision for income taxes of $9,766,000 a year ago. Book value per share was $4.83 as of December 31, 2011 compared to $6.17 as of December 31, 2010. The company announced net charge-offs of $259,000 for the fourth quarter compared to $2,199,000 a year ago.