Denmark Bancshares Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the third quarter, net income was $944,000, or $8.06 per share compared to $882,000, or $7.48 per share for the same period a year ago. Results reflected an improvement of approximately 7.0% over net income of $882,000, or $7.48 per share, recorded in the third quarter of 2014. Net interest income was $3,849,000 compared to $3,603,000 a year ago. This was primarily the result of a $0.16 million, or 26.8%, decline in interest expense during the third quarter of 2015 versus the third quarter of 2014 due to the reduction in long- term borrowings during the fourth quarter of 2014. Return on average equity was 6.16% compared to 5.70% a year ago. Return on average assets was 0.87% compared to 0.79% a year ago. Interest income was $4,274,000 compared to $4,184,000 for the same period a year ago.

For the first nine months, net income was $2,807,000 or $23.86 per share, an increase of 4.8% compared with $2,677,000 or $22.68 per share in 2014. Return on assets and return on equity were 0.86% and 6.13% respectively, compared to 0.80% and 5.77%, respectively, for the same period one year ago. Net interest income was $11,303,000 compared to $10,544,000 a year ago. As on September 30, 2015 book value per share was $528.49. Interest income was $12,536,000 compared to $12,356,000 for the same period a year ago.