BNCCORP, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported interest income of $8,009,000 compared with $7,417,000 for the same period a year ago. This increase is the result of higher yields and average balances of taxable investments and loans held for investment, and funds held at the Federal Reserveresulting from successful deposit generation. Net interest income was $7,036,000 compared with $6,613,000 for the same period a year ago. Income before income taxes was $1,800,000 compared with $1,484,000 for the same period a year ago. Net income was $329,000 compared with $1,447,000 for the same period a year ago. Diluted earnings per common share was $0.09 compared with $0.41 for the same period a year ago. Return on average common stockholders' equity was 1.67% compared with 7.97% for the same period a year ago. Return on average assets was 0.13% compared with 0.62% for the same period a year ago. Adjusted earnings (non-GAAP) was $1,844,000 or $0.52 diluted per share against $1,447,000 or $0.41 diluted per share a year ago. Net interest income in the 2017 fourth quarter increased by $423,000, or 6.4%, from the same quarter in 2016, due primarily to the growth of loans held for investment and higher yields and balances on investment securities. Return on average common stockholders' equity (non-GAAP) was 9.33% compared to 7.97% a year ago. Return on average assets (non-GAAP) was 0.75% compared to 0.62% a year ago.
 
For the full year, the company reported interest income of $31,443,000 compared with $29,346,000 for the same period a year ago. This increase is the result of higher balances and yields on taxable investments, higher average balances of loans held for investment, and increased funds held at the Federal Reserve. Net interest income was $27,865,000 compared with $26,003,000 for the same period a year ago. Income before income taxes was $7,898,000 compared with $9,787,000 for the same period a year ago. Net income was $4,878,000 compared with $7,156,000 for the same period a year ago. Diluted earnings per common share was $1.38 compared with $2.03 for the same period a year ago. Return on average common stockholders' equity was 6.45% compared with 10.35% for the same period a year ago. Return on average assets was 0.50% compared with 0.78% for the same period a year ago. Book value per common share was $22.40 compared with $21.47 for the same period a year ago. Book value per common share excluding accumulated  other comprehensive was $22.38 compared with $20.98 for the same period a year ago. Adjusted earnings (non-GAAP) was $6,393,000 or $1.81 diluted per share against $7,156,000 or $2.03 diluted per share a year ago. Return on average common stockholders' equity (non-GAAP) was 8.46% compared to 10.35% a year ago. Return on average assets (non-GAAP) was 0.66% compared to 0.78% a year ago.

For the fourth quarter, the company reported charge-offs of $91,000 compared to $380,000 a year ago. Loans charged off was $108,000 compared to $408,000 a year ago.