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.