Presidio Bank reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported interest income of $8,570,000 against $6,853,000 for the same period a year ago. Net interest income was $8,083,000 against $6,431,000 for the same period a year ago, this increase is due to higher average loan balances, increased loan yields, and increased interest rates on liquid assets invested by the Bank. Net income before taxes was $3,036,000 against $1,929,000 for the same period a year ago. Net income was $2,225,000 or $0.34 per diluted share against $1,204,000 or $0.19 per diluted share for the same period a year ago. Net Income in the first quarter of 2018 benefited from a lower Federal Income Tax rate which resulted in a savings of approximately $330 thousand. Return on average assets was 1.14% against 0.69% for the same period a year ago. Return on average common equity was 11.78% against 7.09% for the same period a year ago. Book value per share was $12.68 as at March 31, 2018 against $11.50 as at March 31, 2017.