Unity Bancorp Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $7,888,000 against $7,063,000 a year ago. Income before provision for income taxes was $2,653,000 against $1,872,000 a year ago. Income available to common shareholders was $1,701,000 or $0.20 per diluted share against $1,266,000 or $0.17 per diluted share a year ago. Return on average assets was 0.70% against 0.57% a year ago. Return on average equity was 9.78% against 8.87% a year ago.

For the full year, the company reported net interest income of $30,112,000 against $27,425,000 a year ago. Income before provision for income taxes was $9,553,000 against $7,682,000 a year ago. Income available to common shareholders was $6,408,000 or $0.81 per diluted share against $4,127,000 or $0.53 per diluted share a year ago. Book value per common share was $8.36 as of December 31, 2014. Return on average assets was 0.70% against 0.61% a year ago. Return on average equity was 10.28% against 7.22% a year ago.

The company reported net charge-offs of $1.2 million for the three months ended December 31, 2014, consistent with the same period a year ago.