1ST SUMMIT BANCORP of Johnstown, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $6,649,000, income before income taxes of $2,999,000, net income of $2,333,000 or $2.13 per basic share against net interest income of $6,616,000, income before income taxes of $2,945,000, net income of $2,306,000 or $2.10 per basic share a year ago.

For the full year, the company reported total interest and dividend income of $34,805,322, net interest income of $26,600,426, income before income taxes of $12,431,153, net income of $9,570,168 or $8.71 per share against total interest and dividend income of $33,491,865, net interest income of $24,674,591, income before income taxes of $11,725,548, net income of $9,059,799 or $8.25 per share a year ago. Net cash provided by operating activities of $12,534,892 compared to $13,577,739 a year ago. Purchases of premises and equipment of $760,882 compared to $1,166,990 a year ago. Book value as at December 31, 2014 was $71.10 per share. Return on average assets of 1.08% compared to 1.07% a year ago. Return on average equity of 13.39% compared to 14.26% a year ago.