State Bank Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, total interest income was $3,260,000 against $3,272,000 last year. Net interest income was $3,003,000 against $3,118,000 last year. Net interest income after loan loss provision was $3,003,000 against $2,768,000 last year. Income before provision (benefit) for income taxes was $1,610,000 against $1,185,000 last year. Net income was $974,000 or $0.17 per basic and diluted share against $772,000 or $0.13 per basic and diluted share last year. Return on average assets was 1.13% against 0.93% last year. Return on average equity was 10.05% against 8.59% last year. Return on average common equity, excluding acquisition related costs, net was 10.47% against 7.68% a year ago. Return on average assets, excluding acquisition related costs, net was 1.18% against 0.85% a year ago. Non-GAAP basic and diluted earnings per share were $0.17 against $0.13 a year ago. Net income, excluding acquisition related costs, net was $1,015,000 against $772,000 a year ago.

For the six months, total interest income was $6,466,000 against $6,283,000 last year. Net interest income was $6,023,000 against $5,982,000 last year. Net interest income after loan loss provision was $6,023,000 against $5,522,000 last year. Income before provision (benefit) for income taxes was $2,689,000 against $2,219,000 last year. Net income was $1,674,000 or $0.29 per basic and diluted share against $1,453,000 or $0.25 per basic and diluted share last year. Book value per share was $6.71 as on June 30, 2016 against $6.13 at June 30, 2015. Tangible book value per share was $6.71 as on June 30, 2016 against $6.13 at June 30, 2015.

For the second quarter ended June 30, 2016, the company reported net charge offs of $5,000 against $415,000 a year ago.