Tristate Capital Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of $20,933,000 compared with $18,885,000 for the same period a year ago. Net interest income was $17,516,000 compared with $16,384,000 for the same period a year ago. Income before tax was $7,177,000 compared with $6,288,000 for the same period a year ago. Net income available to common shareholders was $5,092,000 or $0.18 per basic and diluted share compared with $4,810,000 or $0.17 per basic and diluted share for the same period a year ago. Return on average assets was 0.72% compared with 0.85% for the same period a year ago. Return on average equity was 6.56% compared with 6.51% for the same period a year ago. Net interest income after provision for loan losses was $17,725,000 compared with $15,911,000 for the same period a year ago. On tax expense 2014, effective rate was 29% for the fourth quarter.

For the year, the company reported interest income of $77,913,000 compared with $72,851,000 for the same period a year ago. Net interest income was $65,662,000 compared with $61,784,000 for the same period a year ago. The increase was primarily driven by 8% growth in total loan interest income from the increase in private banking and commercial real estate lending. Income before tax was $22,897,000 compared with $18,580,000 for the same period a year ago. Net income available to common shareholders was $15,928,000 or $0.55 per diluted share compared with $12,867,000 or $0.48 per diluted share for the same period a year ago. Return on average assets was 0.61% compared with 0.59% for the same period a year ago. Return on average equity was 5.25% compared with 4.84% for the same period a year ago. Book value per common share at December 31, 2013 was $10.25 compared with $9.84 at December 31, 2012. Book value per share at December 31, 2014 was $10.88 compared with $10.25 at December 31, 2013. Tangible book value per share at December 31, 2014 was $9.02 compared with $10.25 at December 31, 2013. Net interest income after provision for loan losses was $55,503,000 compared with $53,597,000 for the same period a year ago. On tax expense 2014, effective rate was 30% for the full year, including the benefit of energy tax credits, fully and tax-exempt income.

For the fourth quarter of 2014, the company recorded net charge-offs of $1,894,000.

The company anticipates a higher rate in 2015 as the nonbank Chartwell business provides a larger percentage of the holding company's consolidated taxable income.