Pacific City Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. The company reported net income of $4.3 million, or $0.32 per diluted common share, compared with $3.5 million, or $0.27 per diluted common share, in the previous quarter and $2.9 million, or $0.24 per diluted common share, in the year-ago quarter. Net interest income was $12.579 million against $9.856 million a year ago. Net income before taxes was $7.532 million against $5.015 million a year ago.

For the 2016 year, net income was $14.0 million, or $1.11 per diluted common share, compared with $12.2 million, or $1.02 per diluted common share, in 2015. Net interest income was $45.581 million against $37.040 million a year ago. Net income before taxes was $24.403 million against $21.087 million a year ago.

During the fourth quarter of 2016, the Company recognized a net charge-off of $293,000 compared with a net recovery of $3,000 in the previous quarter, and a net charge-off of $285,000 in the year-ago quarter.