First Resource Bank announced unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net interest income was $2.1 million compared with $1.8 million a year ago. Income before income tax expense was $0.58 million compared with $0.36 million a year ago. Net income available to common shareholders was $0.39 million compared with $0.24 million a year ago. As on December 31, 2016, the company's book value per share was $8.39. For the year, the company's net interest income was $7.7 million compared with $6.7 million a year ago. Income before income tax expense was $1.9 million compared with $1.9 million a year ago. Net income available to common shareholders was $1.3 million compared with $1.14 million a year ago. This increase in net income is due to 14% higher net interest income in 2016 as compared to 2015, partially offset by lower SBA loan sale gains and higher operating expenses as compared to the prior year.