Presidio Bank reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net revenue of $3,558,000. Net income before taxes was $795,000. Net income to common share holders was $338,000 or $0.08 earnings per share. Return on average assets was 0.6% and return on average common equity was 4.0%. For the full year, the company reported net revenue of $13,943,000 compared with $11,684,000 for the same period last year. Net income before taxes $1,986,000 compared with $901,000 for the same period last year. Net income to common share holders of $4,915,000 or $1.22 earnings per share compared with $901,000 or $0.08 earnings per share for the same period last year. Return on average assets was 2.0% compared with $0.3% for the same period last year. Return on average common equity was 15.7% compared with $3.2% for the same period last year. Its revenue continues to grow significantly faster than its expenses resulting in a substantial increase in profitability. Book value per common share was $8.25 compared with $7.07 for the same period last year.