Carroll Bancorp, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net loss of $65,000 or $0.19 per common share compared to net loss of $53,000 or $0.16 per common share reported a year ago. Net interest income was $0.81 million compared to $0.68 million reported a year ago. The company reported loss before income taxes of $0.144 million on interest and dividend income of $1.04 million compared to loss before income taxes of $95,000 on interest and dividend income of $0.95 million reported a year ago. Return on average assets was a negative of 0.25% compared to negative return on average assets of 0.22% reported a year ago. Return on average equity was a negative of 3.01% compared to negative return on average equity of 2.52% reported a year ago.

For the year, the company reported net loss of $63,000 or $0.19 per common share compared to net income of $20,000 or $0.06 per common share reported a year ago. The Bank recorded specific loan loss provisions for one residential mortgage loan in the second quarter of $101,000 and for one residential mortgage loan in the fourth quarter of $174,000, which was the primary reason for the net losses for those respective quarters and for the year ending December 31, 2012. Net interest income was $3.0 million, an increase of 13% from $2.65 million for the same period last year as interest income increased by 4% and interest expense declined by 16%. The company reported loss before income taxes of $0.151 million on interest and dividend income of $4.0 million compared to loss before income taxes of $1,000 on interest and dividend income of $3.85 million reported a year ago. Return on average assets was a negative of 0.06% compared to return on average assets of 0.02% reported a year ago. Return on average equity was a negative of 0.73% compared to return on average equity of 0.31% reported a year ago.