Unity Bancorp Inc. reported consolidated earnings results for the fourth quarter and twelve months ended December 31, 2011. For the quarter, the company reported net income available to common shareholders of $203,000 or $0.03 per basic and diluted share, compared to net loss available to common shareholders of $298,000, or $0.04 per basic and diluted share for the same period a year ago. Return on average assets and average common equity for the quarter were 0.29% and 1.51%, respectively, compared to return on average assets and negative return on average common equity of 0.04% and 2.31% for the same period a year ago. Net interest income was $6,673,000 compared to $7.861 million for the same period a year ago. Income before provision for income taxes was $816,000 against $35,000 a year ago. Book value per common share was $7.24 compared to $7.08 for same period a year ago. Net interest income decreased $1.2 million to $6.7 million for the three months ended December 31, 2011. Factors affecting net interest income for the quarterly periods included: The yield on earning assets fell 81 basis points to 4.64% for the quarter ended December 31, 2011 compared to the same period a year ago; The cost of interest-bearing liabilities decreased 26 basis points to 1.49% for the quarter; Average interest earning assets fell $6.5 million compared to the fourth quarter of 2010; Net interest margin contracted 55 basis points to 3.39% for the quarter ended December 31, 2011; Net interest income decreased $1.0 million to $29.0 million for the year ended December 31, 2011. For the twelve months, the company reported net income available to common shareholders of $988,000 or $0.13 per basic and diluted share, compared to net income available to common shareholders of $720,000, or $0.10 per basic and diluted share for the same period a year ago. Net interest income was $28,972,000 compared to $30.00 million for the same period a year ago. Income before provision for income taxes was $3,315,000 against $2,829,000 a year ago. Factors affecting net interest income in 2011 included: For the twelve month period, the yield on earning assets fell 26 basis points to 5.12%; The cost of interest-bearing liabilities decreased 35 basis points to 1.62%; Average interest earning assets fell $44.0 million during the twelve month period; Net interest margin expanded 9 basis points to 3.76% for the year ended December 31, 2011. For the quarter, the company also announced that net charge-offs were $1.2 million compared to $2.5 million for the same period a year ago.