Wake Forest Bancshares, Inc. announced earnings results for the second quarter ended March 31, 2018. For the quarter, the company's earnings were $311,234 or $0.28 per share. The company reported earnings of $228,431 or $0.20 per share for the same quarter a year earlier. The company's results were positively impacted by a lack of nonperforming loans as well as rising interest rate margins created by greater loan demand and also by increased spreads due to upward rate movements initiated by the Federal Reserve.