Elmira Savings Bank reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported total interest and dividend income of $5.3 million compared to $5.3 million, net interest income of $4.1 million compared to $4.0 million, income before income taxes of $1.5 million compared to $1.5 million and net income attributable to the common shareholders of $0.8 million or $0.23 per diluted share compared to $0.81 million or $0.23 per diluted share for the last year. Return on average assets (annualized) was 0.73% compared to 0.76% and return on average equity (annualized) was 7.46% compared to 7.34% for the last year.

For the year, the company reported total interest and dividend income of $20.7 million compared to $20.3 million, net interest income of $15.6 million compared to $15.4 million, income before income taxes of $5.8 million compared to $5.3 million and net income attributable to the common shareholders of $3.2 million or $1.17 per diluted share compared to $2.8 million or $0.99 per diluted share for the last year. Return on average assets (annualized) was 0.73% compared to 0.70% and return on average equity (annualized) was 7.43% compared to 6.60% for the last year. The current level of shareholders' equity equates to a book value per share of $16.53 at December 31, 2015, compared to $16.91 at December 31, 2014.