Apollo Bancorp, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net income of $414,000 or $0.79 per share compared with earnings of $319,000, or $0.65 per share a year ago. Net interest income increased $108,000 compared with fourth quarter 2015 primarily due to a $255,000 increase in interest earned on loans offset by a $139,000 decrease in interest on investment securities. Net income for the year ended December 31, 2016 totaled $1,423,000 resulting in an annualized return on average assets (ROA) of 0.89% and annualized return on average equity (ROE) of 7.21%. Net income for 2015 totaled $1,403,000 for a 0.89% ROA and 7.43% ROE. Earnings per share totaled $2.82 for 2016 compared with $2.81 for 2015. The increase in 2016 yearend earnings compared with 2015 was primarily the result of a $278,000 increase in net interest income offset by an increase of $158,000 in noninterest expense.