Metro Phoenix Bank, Inc. reported unaudited earnings results for first quarter ended March 31, 2018. For the quarter, the company's Interest Income was $2,528,000 against $1,791,000 a year ago. Net Interest Income was $2,332,000 against $1,683,000 a year ago. Income before income tax was $1,116,000 against $2,013,000 a year ago. Net Income was $828,000 against $1,236,000 a year ago. Earnings per common share were $0.24 against $0.60 a year ago. Book value per share as on March 31, 2018 was $8.39 against $8.09 as on March 31, 2017. Return on average shareholders' equity (annualized) was 12.00% against 31.86% a year ago. Return on average assets (annualized) was 1.90% against 3.53% a year ago.

Net charge-offs for first quarter of 2018 was $1,000 against $1,000 a year ago.