Emclaire Financial Corp. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net interest income of $4.018 million against $3.844 million a year ago. Income before provision for income taxes was $1.492 million against $0.743 million a year ago. Net income available to common stockholders was $1.033 million or $0.16 per diluted share against $0.485 million or $0.14 per diluted share a year ago. Primarily contributing to the improvement of earnings was an increase in net interest income and a decrease in the provision for loan losses, along with a modest increase in recurring noninterest income. Return on average assets was 0.93% against 0.48% a year ago. Return on average equity was 9.13% against 5.71% a year ago. Return on average common equity was 10.23% against 5.84% a year ago. For the year, the company reported net interest income of $15.407 million against $14.783 million a year ago. Income before provision for income taxes was $4.783 million against $3.870 million a year ago. Net income available to common stockholders was $3.316 million or $0.64 per diluted share against $2.676 million or $0.56 per diluted share a year ago. Return on average assets was 0.78% against 0.64% a year ago. Return on average equity was 8.44% against 7.85% a year ago. Return on average common equity was 8.98% against 8.48% a year ago. Book value per common share as on December 31, 2011 was $23.25 against $21.67 a year ago. Tangible book value per common share as on December 31, 2011 was $20.26 against $17.77 a year ago. The increase in net interest income was primarily related to a decrease in interest expense.