QNB Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income was $6,938,000 against $6,813,000 a year ago. Income before income taxes was $2,344,000 against $2,225,000 a year ago. Net income was $1,912,000 or $0.60 per diluted share against $1,810,000 or $0.58 per basic and diluted share a year ago. . Book value per share as on December 31, 2011 was $22.32 against $19.52 as on December 31, 2010. Return on average assets was 0.87% against 0.89% a year ago. Return on average shareholders' equity was 11.50% against 12.08% a year ago. Strong growth in deposits and the investment of these deposits into the securities portfolio was the primary contributor to the increase in net interest income when comparing the two quarters. Interest income for the period was $8,849,000 against $9,189,000 a year ago. For the full year, the company reported interest income of $36,217,000 against $36,183,000 a year ago. Net interest income was $28,126,000 against $25,913,000 a year ago. Income before income taxes was $11,356,000 against $9,051,000 a year ago. Net income was $8,880,000 or $2.82 per diluted share against $7,217,000 or $2.32 per basic and diluted share a year ago. Book value per share as on December 31, 2011 was $22.32 against $19.52 as on December 31, 2010. Return on average assets was 1.06% against 0.93% a year ago. Return on average shareholders' equity was 13.99% against 12.53% a year ago. Growth in deposits and earnings assets contributed to the improvement in net interest income when comparing the two years as the net interest margin was 3.72% for both periods. Interest income for the period was $36,217,000 against $36,183,000 a year ago. Net loan charge-offs for the quarter was $576,000 against $377,000 a year ago.