Denmark Bancshares Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net income was $1,001,000, or $8.84 per share compared to $942,000 or $7.99 per share for the same period a year ago. Net interest income was $3,842,000 compared to $3,704,000 a year ago.

This was primarily the result of strong loan fee income as well as higher interest income due to increased loan volumes during the first quarter of 2016 compared to 2015. Return on average equity was 6.61% compared to 6.22% a year ago. Return on average assets was 0.92% compared to 0.87% a year ago.

Interest income was $4,257,000 compared to $4,104,000 for the same period a year ago. Book value per share was $538.47 against $519.54 a year ago.