Albina Community Bancorp reported unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported total interest income of $1.332 million compared to $1.769 million a year ago. Net interest income was $1.086 million compared to $1.374 million a year ago. Pretax income was $12,000 compared to $116,000 a year ago. Net income was $12,000 or $0.01 per basic and diluted share compared to $101,000 or $0.08 per basic and diluted share a year ago. Return on average assets was 0.04% compared to 0.29% a year ago. Net interest income decreased 13% from the second quarter last year primarily as a result of lower yields on loans and investment securities. For the six months, the company reported total interest income of $2.866 million compared to $3.820 million a year ago. Net interest income was $2.346 million compared to $2.996 million a year ago. Pretax income was $110,000 compared to $277,000 a year ago. Net income was $12,000 or $0.08 per basic and diluted share compared to $101,000 or $0.20 per basic and diluted share a year ago. Return on average assets was 0.17% compared to 0.37% a year ago. Continued improvements to asset quality and lower cost of funds contributed to profits in the first and second quarters of this 2012. The decline in net interest income was primarily due to the decrease in the average balance of loans and the lower yields received from loans. For the quarter ended June 30, 2012, charge-offs, net of recoveries totaled $6,000 compared to $42,000 in the same quarter a year ago.