Blackhawk Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported that net income for the second quarter of 2014 increased 91% to $982,000 compared to $513,000 earned in the second quarter of 2013. Earnings per diluted share for the quarter increased $0.26 to $0.42 compared to $0.16 the second quarter last year. Net interest income for the second quarter decreased by 1% to $4,754,000 compared to $4,790,000 for the second quarter of 2013. Income before income taxes was $1,277,000 against $408,000 a year ago. Return on average assets was 0.67% against 0.35% a year ago. Return on common equity was 9.37% against 3.66% a year ago.

Net income for the six months ended June 30, 2014 increased 54% to $1,683,000 compared to $1,096,000 the first half of 2013. Earnings per diluted share for the first half of the year was $0.66, up $0.31, or 89%, compared to the $0.35 per diluted share earned the first half of 2013. The return on common equity was 7.57% for the first six months compared to 4.08% the first half of last year. Net interest income for the first half of the year was $9,530,000 essentially flat compared to $9,521,000 the prior year. Income before income taxes was $2,016,000 against $950,000 a year ago.