Cortland Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported total interest income of $5,177,000 against $5,334,000 a year ago. Net interest income was $4,059,000 against $3,918,000 a year ago. Net income was $828,000, or $0.18 per basic and diluted share against net income of $1,036,000, or $0.23 per basic and diluted share a year ago. Return on average equity was 7.38 % against 10.45 % a year ago. Return on average assets was 0.67% against 0.86% a year ago. Income before tax and impairment loss was $1,042,000 against $1,390,000 a year ago. For the year, the company reported total interest income of $5,177,000 against $5,334,000 a year ago. Net interest income was $4,059,000 against $3,918,000 a year ago. Net income was $828,000, or $0.90 per basic and diluted share against net income of $1,036,000, or $0.72 per basic and diluted share a year ago. Return on average equity was 9.13 % against 8.29 % a year ago. Return on average assets was 0.82% against 0.67% a year ago. Book value per share was $10.10 against $9.25 a year ago. Income before tax and impairment loss was $5,467,000 against $6,604,000 a year ago. The company also announced net charge-offs for the fourth quarter ended December 31, 2011. For the quarter, the company reported net charge-offs were $324,000 against $185,000 a year ago.