Quaint Oak Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. The company reported that net income for the quarter ended December 31, 2016 was $455,000, or $0.25 per basic and $0.23 per diluted share, compared to $378,000, or $0.22 per basic and $0.20 per diluted share for the same period in 2015.  The increase in net income on a comparative quarterly basis was primarily the result of increases in net- interest income of $162,000 and non-interest income of $156,000 and a decrease in the provision for income taxes of $85,000, partially offset by an increase in non-interest expense of $246,000 and an increase in the provision for loan losses of $80,000. The $162,000, or 10.2% increase in net interest income for the three months ended December 31, 2016 over the comparable period in 2015 was driven by a $280,000, or 13.0% increase in interest income, partially offset by an $118,000, or 20.6% increase in interest expense. The increase in interest income was primarily due to a $25.9 million increase in average loans receivable, net, including loans held for sale, which increased from an average balance of $146.2 million for the three months ended December 31, 2015 to an average balance of $172.1 million for the three months ended December 31, 2016, and had the effect of increasing interest income $373,000. Income before income taxes was $541,000 against $549,000 a year ago. Net income for the year ended December 31, 2016 was $1.5 million, or $0.84 per basic and $0.77 per diluted share, compared to $1.3 million, or $0.74 per basic and $0.68 per diluted share for the same period in 2015. The increase in net income was primarily the result of increases in non-interest income of $590,000 and net interest income of $285,000 and a decrease in the provision for loan losses of $28,000, offset by increases in non-interest expense of $663,000 and the provision for income taxes of $13,000. Net interest income was $61,618,000 against $6,333,000 a year ago. Income before income taxes was $2,234,000 against $1,994,000 a year ago.