Pacific Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of $8,902,000 against $8,073,000 a year ago. Income before income taxes was $3,514,000 against $1,953,000 a year ago. Net income was $1,358,000 or $0.13 per basic and diluted share compared to $1,460,000 or $0.14 per basic and diluted share, for the fourth quarter of 2016. Pre-tax, pre-credit operating income (non-GAAP) was $3,514,000 compared to $2,789,000 a year ago. Pre-tax, pre-credit operating income (non-GAAP) for fourth quarter 2017, increased significantly from the linked quarter, primarily due to increased net interest income.  Pre-tax, pre-credit operating income was also up from the fourth quarter of 2016 despite a decline in gain on sale of residential real estate loans. Return on average assets, annualized was 0.60% against 0.65% a year ago. Return on average equity, annualized was 6.09% against 6.94% a year ago. For the full year, the company reported, net interest income of $34,049,000 against $31,663,000 a year ago. Income before income taxes was $11,324,000 against $9,050,000 a year ago. For the twelve months ended December 31, 2017, net income was $7.0 million, or $0.65 per diluted share, up 6% from $6.6 million, or $0.62 per share, for the twelve months ended December 31, 2016.  Pre-tax, pre-credit operating income (non-GAAP) was $11,630,000 compared to $10,275,000 a year ago. For the year 2017, pre-tax, pre-credit operating income (non-GAAP) increased as compared to 2016, primarily due to growth in net interest income, offset by a decline in gain on sale of residential real estate loans. Return on average assets, annualized was 0.79% against 0.77% a year ago. Return on average equity, annualized was 8.19% against 8.16% a year ago. Book value per common share was $8.10 compared to $7.67 a year ago. Tangible book value per common share was $6.82 compared to $6.38 a year ago.