Lakeland Financial Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income of $22,780,000 against $23,323,000 a year ago. Income before income taxes was $11,933,000 against $8,560,000 a year ago. Net income available to common shareholders was $8,261,000 or $0.50 per diluted share against $5,782,000 or $0.36 per diluted share a year ago. Return on average assets was 1.13% against 0.84% a year ago. Return on average equity was 12.11% against 9.24% a year ago. Book value per common share as of December 31, 2011 was $16.85 compared to $15.28 as of December 31, 2010. For the six months period, the company reported net interest income of $92,080,000 against $92,653,000 a year ago. Income before income taxes was $45,380,000 against $36,780,000 a year ago. Net income available to common shareholders was $30,662,000 or $1.88 per diluted share against $21,356,000 or $1.32 per diluted share a year ago. Return on average assets was 1.10% against 0.93% a year ago. Return on average total equity was 11.78% against 9.34% a year ago. The company also announced that the board of directors approved a cash dividend for the fourth quarter of $0.155 per share, payable on February 6, 2012 to shareholders of record as of January 25, 2012. The company reported net impairment loss recognized in earnings of $132,000 for the fourth quarter ended December 31, 2011 compared to $1,250,000 for the same period last year. Net charge offs for the quarter was $1,573,000 compared to $1,588,000 for the same period last year.