Great American Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. The company reported net income of $531,000 for the year ended December 31, 2015, which is a decrease of $209,000, or 28.2% from the $740,000 reported for the year ended December 31, 2014. Basic and fully diluted earnings per share were $1.15 for fiscal 2015 compared to $1.56 for 2014. The return on average assets ("ROA") and the return on average equity ("ROE") were 0.30% and 3.23%, respectively for 2015, decreasing from a 0.42% ROA and 4.45% ROE for 2014. Total interest and dividend income was $5,253,000 against $5,414,000 for the same period a year ago. Net Interest Income was $4,882,000 against $5,012,000 for the same period a year ago. Net Interest Income after provision for loan losses was $4,878,000 against $5,022,000 for the same period a year ago. Income before income taxes was $925,000 against $1,293,000 for the same period a year ago.

Net income for the three months ended December 31, 2015 was $88,000, which is a decrease of $55,000, or 38.5% from the $143,000 reported for the fourth quarter of 2014. Basic and fully diluted earnings per share were $0.19 for the three months ended December 31, 2015 compared to $0.30 for the same quarter in 2014. The ROA and ROE were 0.20% and 2.14% for the three months ended December 31, 2015, decreasing from a 0.32% ROA and 3.39% ROE for the three months ended December 31, 2014. Total interest and dividend income was $1,292,000 against $1,396,000 for the same period a year ago. Net Interest Income was $1,199,000 against $1,299,000 for the same period a year ago. Net Interest Income after provision for loan losses was $1,194,000 against $1,309,000 for the same period a year ago. Income before income taxes was $157,000 against $255,000 for the same period a year ago.