Golden Valley Bank announced earnings results for the quarter and year ended December 31, 2017. For the quartet, the company reported net income was $583,838 or $0.28 per share compared to net income of $218,514 or $0.11 per share for the quarter ended December 31, 2016. Income from last year’s fourth quarter was affected by a one-time after-tax expense of $225,796 taken to voluntarily terminate an executive retirement plan. Without that expense, income for the fourth quarter of 2016 would have been $444,308 and $1,740,264 for the full year. For the year, the company reported net income was $1,985,307 or $0.95 per share compared to $1,521,752 or $0.74 per share for the year ended December 31, 2016 a 30.5% increase.