Clarkston Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported interest and fees on loans of $1,483,000 compared with $1,466,000 for the same period last year. Total interest income was $1,530,000 compared with $1,505,000 for the same period last year. Net interest income was $1,409,000 compared with $1,353,000 for the same period last year. Net income was $227,000 compared with $926,000 for the same period last year. Book value per share as on December 31, 2015 was $4.26 compared with $3.97 as on December 31, 2014. Return on average assets was 0.57% compared with 2.59% for the same period last year. Return on average equity was 6.62% compared with 30.80% for the same period last year. Basic and diluted earnings per share were $0.07 against $0.30 per share a year ago.

For the year, the company reported interest and fees on loans of $5,853,000 compared with $5,802,000 for the same period last year. Total interest income was $6,019,000 compared with $5,952,000 for the same period last year. Net interest income was $5,515,000 compared with $5,395,000 for the same period last year. Net income was $1,030,000 or $0.32 per share compared with $1,736,000 or $0.53 per share for the same period last year.