Private Bancorp of America, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of $6,080,000 against $5,024,000 last year. Income before provision for income tax was $1,889,000 against $1,966,000 last year. Net loss available to common shareholders was $110,000 or $0.02 diluted per share against profit of $1,368,000 or $0.33 diluted per share last year. Total interest income was $6,776,000 against $5,609,000 last year. For the year 2017, net interest income increased 21% to $22.5 million and pre-tax income for 2017 was up 13% over 2016 at $7.9 million. Net income was $3,425,000 after a one-time $1,516,000 tax adjustment related the revaluation of deferred tax assets. Without the impact of the 2017 Tax Reform Bill, Bancorp’s 2017 net income would have been $5.0 million, resulting in a 15% increase over 2016. 2017 earnings per share is $.74. If adjusted for the impact of the deferred tax asset revaluation of $.30 per share, earnings per share would have been $1.04. To accurately compare the adjusted 2017 EPS to 2016 it is important to recognize that after the 2017 capital raise there are 21% more shares outstanding at December 31, 2017 versus the same date of 2016.