Bank of Commerce Holdings announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net interest income of $8.351 million compared to $8.290 million a year ago. Income before provision for income taxes was $2.375 million compared to $1.587 million a year ago. Income available to common shareholders was $1.729 million compared to $1.633 million a year ago. Diluted earnings per share were $0.13 compared to $0.12 a year ago. Net income was $1.870 million compared to $1.683 million a year ago. Return on average assets improved to 0.68% compared to 0.66% in the same quarter of 2014. Return on average equity improved to 6.51% compared to 6.28% in the same quarter of 2014. Increased in net interest income reflects the increase in average earning assets and the reallocation of lower yielding assets into higher yielding loans. Earnings per share decreased when compared to the prior quarter primarily as a result of decreased net income. Book value per share was $6.76 compared to $6.29 a year ago.

For the year, the company reported net income available to common shareholders of $8.295 million, an improvement of $5.527 million (50%) over $5.5 million net income available to common shareholders earned during the year ended December 31. 2014. Return on average assets improved to 0.84% compared to 0.57% for the same period in 2014. Return on average equity improved to 7.83% compared to 5.40% for the same period in 2014. Net interest income of $33.770 million compared to $32.601 million a year ago. Income before provision for income taxes was $12.048 million compared to $7.307 million a year ago. Diluted earnings per share were $0.62 compared to $0.41 a year ago.