Prime Meridian Holding Company announced that its Board of Directors has declared the company's first annual cash dividend of $0.05 per share on its common stock. This dividend is payable on March 8, 2016 to shareholders of record on February 18, 2016.

The company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, total interest income was $2,465,000 against $2,211,000 a year ago. Net interest income was $2,273,000 against $2,047,000 a year ago. Earnings before income taxes were $682,000 against $844,000 a year ago. Net earnings were $501,000 or $0.26 per basic and diluted share against $545,000 or $0.30 per basic and diluted share a year ago. Book value per share as at December 31, 2015 was $12.62 against $11.78 as at December 31, 2014. Return on average assets was 0.81% against 1.06% a year ago. Return on average assets was 0.74% against 0.48% a year ago.

For the year, total interest income was $9,289,000 against $8,116,000 a year ago. Net interest income was $8,572,000 against $7,455,000 a year ago. Earnings before income taxes were $2,548,000 against $1,520,000 a year ago. Net earnings were $1,704,000 or $0.87 per diluted share against $1,704,000 or $0.58 per diluted share a year ago. Return on average equity was 8.18% against 10.33% a year ago. Return on average equity was 7.15% against 5.21% a year ago.