Lighthouse Bank announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the bank reported core earnings, net income before loan loss provision, for the quarter was $792,000 representing a $220,000 or 39%, increase compared to the quarter-ended March 31, 2016 and a $138,000 or 21%, increase year-over-year from the period ended June 30, 2015. Net income after the provision for loan losses for the quarter ending June 30, 2016 represented a $36,000, or 7%, decrease in earnings compared to the quarter-ended June 30, 2015. This decrease in earnings was a direct result of a $174,500, or 148%, increase in the provision for loan losses year-over-year from the period ended June 30, 2015.