Pacific Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income of $8,694,000 against $8,145,000 a year ago. Income before income taxes was $1,953,000 against $1,725,000 a year ago. Net income was $1,460,000 or $0.14 per share up 20% compared to $1,297,000 or $0.12 per share, for the fourth quarter of 2015. Pre-tax, pre-credit operating income (non-GAAP) grew 22% from $2.3 million for the fourth quarter of 2015. Pre-tax, pre-credit operating income was $2.8 million. Return on average assets, annualized was 0.65% against 0.59% a year ago. Return on average equity, annualized was 6.94% against 6.16% a year ago. For the full year, the company reported, net interest income of $31,663,000 against $29,139,000 a year ago. Income before income taxes was $9,050,000 against $7,497,000 a year ago. Net income increased 18% to $6,590,000 or $0.62 per diluted share compared to $5,576,000, or $0.53 per diluted share a year ago. Return on average assets, annualized was 0.77% against 0.71% a year ago. Return on average equity, annualized was 8.16% against 7.35% a year ago.