Gold Coast Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net income of $391,000, or $0.10 per share compared with net income of $816,000, or $0.21 per share for the quarter ended September 30, 2017. Return on average assets and return on average equity was 0.29% and 3.64%, respectively, in the third quarter of 2018, compared to 0.69% and 7.68% in the 2017 quarter. The decrease in net income was largely due to increases in interest income being offset by interest expense on the Company’s Subordinated Debt and an increased cost of deposits, reflecting raising market rates, as well as an increase in the provision for loan losses associated with the growth of the portfolio. At September 30, 2018 book value per share was $10.83, increasing from $10.69 per share at December 31, 2017. Net interest income was $3.5 million compared to $3.7 million in the third quarter of 2017. The decrease was largely due to a decrease in the net interest margin to 2.66% in the third quarter of 2018 compared to 3.10% in the third quarter of 2017, partially offset by a 13% increase in average interest earning assets. Net interest income after provision for loan losses was $3,229,000 compared to $3,681,000 a year ago. Income before income taxes was $514,000 compared to $1,215,000 a year ago. Interest income was $5,193,000 against $4,357,000 a year ago. For the nine months, the company earned $1,426,000, or $0.36 per share compared with net income of $1,976,000, or $0.50 per share for the same period in 2017. Return on average assets and return on average equity was 0.37% and 4.51%, respectively, for the nine months ended September 30, 2018, compared to 0.58% and 6.38%, respectively, for the nine months ended September 30, 2017. The decrease in net income for the 2018 year to date period was the result of the same factors discussed for the quarterly results. Net interest income was $10,568,000 against $10,488,000 a year ago. Net interest income grew $80,000 compared to the same nine month period in 2017, largely due to a 13% increase in average interest earning assets, partially offset by a decrease in the net interest margin to 2.79% in the recent nine month period compared to 3.09% in the 2017 nine month period. Net interest income after provision for loan losses was $10,212,000 compared to $10,374,000 a year ago. Income before income taxes was $1,875,000 compared to $2,920,000 a year ago. Interest income was $14,821,000 against $12,361,000 a year ago.