Blackhawk Bancorp Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2011
February 15, 2012 at 05:00 pm EST
Blackhawk Bancorp Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net interest and dividend income of $4.845 million against $5.228 million a year ago. Income before income taxes was $0.607 million against $1.386 million a year ago. Net income was $0.731 million or $0.26 per diluted share against $0.886 million or $0.33 per diluted share a year ago. Return on assets was 0.52% against 0.63% a year ago. Return on common equity was 6.74% against 9.57% a year ago.
For the year, the company reported net interest and dividend income of $19.151 million against $19.797 million a year ago. Income before income taxes was $2.860 million against $4.473 million a year ago. Net income was $2.426 million or $0.81 per diluted share against $3.025 million or $1.10 per diluted share a year ago. Return on assets was 0.44% against 0.56% a year ago. Return on common equity was 5.52% against 8.25% a year ago.