Summit State Bank announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $4,404,000 against $4,568,000 a year ago. Net interest income before provision for loan losses was $4,167,000 against $4,303,000 a year ago. Net income available for common stockholders was $1,776,000 or $0.37 per basic and diluted share against $1,132,000 or $0.24 per basic and diluted share a year ago. Return on average assets was 1.56% against 1.02% a year ago. Return on average common equity was 13.27% against 9.30% a year ago.

For the year, the company reported total interest income of $17,933,000 against $17,841,000 a year ago. Net interest income before provision for loan losses was $16,917,000 against $16,566,000 a year ago. Net income available for common stockholders was $5,347,000 or $1.12 per basic and diluted share against $ 4,068,000 or $0.85 per basic and diluted share a year ago. Return on average assets was 1.19% against 0.98% a year ago. Return on average common equity was 10.44% against 8.33% a year ago.