Summit Financial Group Inc. reported earnings results for the fourth quarter and full year ended December 31. 2015. For the quarter, the company reported total interest income of $14.951 million against $14.452 million a year ago. Net interest income was $11.733 million against $10.951 million a year ago. Net interest income after provision for loan losses was $11.483 million against $10.951 million a year ago. Income before income taxes was $5.858 million against $4.663 million a year ago. Net income was $4.146 million against $3.199 million a year ago. Net income applicable to common shares was $4.146 million against $3.008 million a year ago. Diluted earnings per share were $0.39 against $0.32 a year ago. Return on average equity was 11.66% against 10.10% a year ago. Return on average assets was 1.12% against 0.89% a year ago. Return on average tangible equity was 12.31% against 10.76% for the same period a year ago. Total core revenue was $14.2 million for fourth quarter 2015 compared to $13.6 million for the same prior-year quarter, an increase of 4.1%.

For the year, the company reported total interest income of $58.883 million against $57.626 million a year ago. Net interest income was $46.016 million against $42.385 million a year ago. Net interest income after provision for loan losses was $44.766 million against $40.135 million a year ago. Income before income taxes was $22.995 million against $16.034 million a year ago. Net income was $16.102 million against $11.356 million a year ago. Net income applicable to common shares was $16.102 million against $10.585 million a year ago. Diluted earnings per share were $1.50 against $1.17 a year ago. Return on average equity was 11.62% against 9.54% a year ago. Return on average assets was 1.10% against 0.80% a year ago. Return on average tangible equity was 12.29% against 10.22% for the same period a year ago. Book value per common share was $13.48 as on December 31, 2015 compared with $12.60 as on December 31, 2014. Tangible book value per common was $12.78 as on December 31, 2015 compared with $11.86 as on December 31, 2014. Total core revenue was $56.4 million compared to $53.4 million for full-year 2014, a 5.7% improvement.

For the fourth quarter, the company reported net loan charge-offs of $6,000.