Golden Valley Bank reported earnings results for the second quarter and six months ended June 30, 2018. Net profit was $591,012 against $469,712 a year ago. On a pre-tax basis, earnings were $816,012 for the quarter ended June 30, 2018 compared to $726,712 for the same period in 2017, a 12% increase. For the first six months, net profit was $1,144,734 against $833,898 a year ago. For the first six months of 2018 pre-tax earnings were $1,566,734 compared to $1,264,898 for the same period in 2017, a 24% increase. The new lower corporate tax rates signed into law in 2017 make the after-tax comparison to 2018 less meaningful.