Pacific Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $6,814,000 against $6,673,000 a year ago. Net interest income was $6,251,000 against $5,909,000 a year ago. Income before income taxes was $1,051,000 against $2,262,000 a year ago. Net income was $789,000 or $0.08 per basic and diluted share against $1,679,000 or $0.16 per basic and diluted share a year ago. Return on average equity 4.57% against 9.99% a year ago. Return on average assets was 0.45% against 1.05% a year ago.

For the full year, the company reported total interest income of $26,290,000 against $27,495,000 a year ago. Net interest income was $23,800,000 against $24,011,000 a year ago. Income before income taxes was $4,703,000 against $6,085,000 a year ago. Net income was $3,731,000 or $0.37 per basic and diluted share against $4,785,000 or $0.47 per basic and diluted share a year ago. Book value per share was $6.59 against $6.59 a year ago. Return on average equity 5.48% against 7.28% a year ago. Return on average assets was 0.55% against 0.75% a year ago.