CNB Corp. reported audited consolidated earnings results for the full year ended December 31, 2011. For the period, the company reported total interest income was $9,462,000 compared to $10,337,000 a year ago. Net interest income was $8,011,000 compared to $8,245,000 a year ago. Net interest income after provision for loan losses was $4,996,000 compared to $6,478,000 a year ago. Loss before income taxes was $4,396,000 compared to income before income taxes of $56,000 a year ago. Net loss was $2,693,000 or $2.22 per basic and diluted per share compared to net income of $319,000 or $0.26 per basic and diluted per share a year ago. Net cash provided by operating activities was $1,783,000 compared to $3,780,000 a year ago. Premises and equipment expenditures was $101,000 compared to $93,000 a year ago. In 2011, net interest income decreased by $234,000 due to multiple factors including the change in the rates on interest-earning assets and the change in asset mix due to decreases in total loans and the increase in the lower yielding securities portfolio. Return on average assets was negative at 1.06% compared to return on average assets of 0.13% a year ago. Return on average shareholders' equity was negative at 13.04% compared to return on average shareholders' equity of 1.52% a year ago. As on December 31, 2011, book value per share was $14.87. As on December 31, 2010, book value per share was $17.03.