Wake Forest Bancshares, Inc. announced earnings results for the third quarter and nine months ended June 30, 2018. For the quarter the company reported earnings of $333,777 or $0.30 per share compared to $257,982 or $0.23 per share for the same quarter a year earlier.  For the nine months, the company reported earnings of $670,842 or $0.60 per share compared to $724,203 or $0.63 per share for the same nine month period a year earlier.  Excluding the deferred tax adjustment of $266,288 in the Company’s first quarter associated with the passage of the U.S. tax-overhaul legislation, earnings would have been $937,130 ($0.83 per share) for the nine months ending June 30, 2018.