Severn Bancorp Inc. announced unaudited earnings results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income of $7,582,000, net interest income of $5,318,000, income before income tax provision of $1,080,000, net income  of $1,078,000 or $0.05 per diluted share, return on average assets of 0.14%, return on average equity of 1.28% compared to the interest income of $8,086,000, net interest income of $5,850,000, income before income tax provision of $1,551,000, net income  of $1,550,000 or $0.09 per diluted share, return on average assets of 0.2%, return on average equity of 1.88% for the same quarter a year ago.

The company reported net income for the year ended December 31, 2015 of $4,535,000 or $0.21 per diluted share, a 56% increase, versus net income of $2,909,000 or $0.06 per diluted share for the year ended December 31, 2014.