Bar Harbor Bankshares announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2017. For the quarter, the company reported net interest income of $23,496,000 against $11,657,000 a year ago. Income before income taxes was $15,154,000 against $3,010,000 a year ago. Net income was $6,609,000 against $2,584,000 a year ago. Basic and diluted earnings per share were $0.43 against $0.28 a year ago. GAAP return on assets was 0.75% against 0.59% a year ago. Core return on assets was 1.02% against 0.87% a year ago. GAAP return on equity was 7.35% against 6.36% a year ago. Core return on equity was 9.97% against 9.34% a year ago. Core return on tangible equity was 14.53% against 9.66% a year ago. Core earnings per share, diluted were $0.58 against $0.41 a year ago. Total book value per share as on December 31, 2017 was $22.96 against $17.19 a year ago. Tangible book value as on December 31, 2017 was $15.94 against $16.61 as on December 31, 2016. Total interest and dividend income was $30,156,000 compared to $14,846,000 for the same period a year ago. Total core income was $8,964,000 compared to $3,794,000 for the same period a year ago.

For the twelve months, the company reported net interest income of $92,155,000 against $45,374,000 a year ago. Income before income taxes was $42,623,000 against $20,809,000 a year ago. Net income was $25,993,000 against $14,933,000 a year ago. Diluted earnings per share were $1.70 against diluted earnings per share of $1.63 a year ago. Total interest and dividend income was $116,069,000 compared to $57,487,000 for the same period a year ago.

The company reported total net loan charge-offs of $222,000 for the fourth quarter of 2017.