Consumers Bancorp Inc. reported consolidated earnings results for the second quarter and six months ended of December 31, 2015. For the quarter, the company's net income was $639,000 compared to $808,000 for the three months ended December 31, 2014. Net income was impacted by an increase in the provision for loan losses to $192,000 in the second fiscal quarter of 2016 from $57,000 in the same prior year period. Earnings per share were $0.23 compared to $0.30 for the same period last year. Net interest income increased by $89,000 compared to the same period last year. Net interest income was $3,437,000 compared to $3,348,000 a year ago. Income before income taxes was $761,000 compared to $1,023,000 a year ago.


For the six months ended December 31, 2015, the company's net income was $1.4 million compared to $1.6 million for the same period last year. Fiscal year-to-date net income per share was $0.50 compared to $0.57 for the same period last year. Net interest income was $6,830,000 compared to $6,636,000 a year ago. Income before income taxes was $1,660,000 compared to $1,963,000 a year ago. Return on average assets was 0.65% compared to 0.80% a year ago. Return on average equity was 6.43% compared to 7.59% a year ago. Book Value to Common Share was $15.55 compared to $15.13 a year ago.