Denmark Bancshares, Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net interest income of $4,200,000 compared to $3,777,000 a year ago. Net income was $676,000 or $0.21 per share compared to $993,000 or $0.29 per share a year ago. Return on average equity was 4.47% compared to 6.41% a year ago. Return on average assets was 0.59% compared to 0.92% a year ago. For the six months, the company reported net interest income of $8,181,000 compared to $7,619,000 a year ago. This was primarily the result of an increase in loan volume of $26.6 million, or 7.8%, to $366.6 million as of June 30, 2017 from $340.0 million as of the same date one year ago. Net income was $1,329,000 or $0.41 per share compared to $1,994,000 or $0.59 per share a year ago. Return on average equity was 4.43% compared to 6.48% a year ago. Return on average assets was 0.58% compared to 0.92% a year ago. The anticipated decline in net income from 2016 is primarily due to organic growth plan, which included the addition of bankers in all locations and the strategically planned expansion of branch network into the Town of Lawrence, Howard and Shawano markets earlier this year, which required initial investment costs in 2017 in advance of expected corresponding revenue generation. Book value per share as at June 30, 2017 was $18.32.