Guaranty Federal Bancshares, Inc. announced earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $7,903,000 compared to $6,626,000 a year ago. Net interest income was $6,317,000 compared to $5,557,000 a year ago. Income before income taxes was $1,968,000 compared to $2,034,000 a year ago. Net income available to common shareholders was $690,000 or $0.15 per diluted share compared to $1,519,000 or $0.34 per diluted share a year ago. Annualized return on average assets was 0.36% compared to 0.89% a year ago. Annualized return on average equity was 3.63% compared to 8.54% a year ago. Operating income was $2,394,000 compared to $2,308,000 a year ago. For the year, the company reported total interest income of $29,441,000 compared to $25,389,000 a year ago. Net interest income was $23,856,000 compared to $21,212,000 a year ago. Income before income taxes was $8,175,000 compared to $7,607,000 a year ago. Net income available to common shareholders was $5,429,000 or $1.22 per diluted share compared to $5,594,000 or $1.27 per diluted share a year ago. The decline was due to the write-down of the company’s deferred tax asset at December 31, 2017 discussed below in ‘Significant Items’. Annualized return on average assets was 0.72% compared to 0.83% a year ago. Annualized return on average equity was 7.33% compared to 8.00% a year ago. As at December 31, 2017, the company’s tangible book value per common share was $17.16 compared to $16.09 a year ago. Operating income was $9,633,000 compared to $8,492,000 a year ago.