COLUMBIA, Md., Feb. 1, 2013 (GLOBE NEWSWIRE) -- Carrollton Bancorp, (Nasdaq:CRRB) the parent company of Carrollton Bank, announced a net loss of $109,318 and $104,666 for the three and twelve month periods ended December 31, 2012, compared to net income of $568,551 and $546,728 for the comparable quarter and twelve month period in 2011. Net loss attributable to common stockholders for the three month period ended December 31, 2012 was $246,397 ($0.10 per diluted share) compared to net income available to common stockholders of $431,471 ($0.17 per diluted share) during the comparable period in 2011. Net loss attributable to common stockholders was $652,982 ($0.25 loss per diluted share) and $1,587 ($0.00 loss per diluted share) for the twelve month periods ended December 31, 2012 and 2011, respectively. The $677,869 decline in operating results for the quarter, as compared to the same period in 2011, is a result of a combination of factors including a $352,968 decrease in net interest income resulting from lower margins and lower average asset levels and a $884,836 increase in noninterest expenses resulting primarily from legal, investment banking and consulting fees associated with the planned merger with Jefferson Bancorp, Inc. In addition, the Company's OREO expense was $2.2 million, partially reducing OREO balances at year end to $2.030 million from $4.822 million as of December 31, 2011. These negative factors were partially offset by a $540,528 increase in noninterest income resulting from strong growth in mortgage banking fees and electronic banking fees as well as a decline in securities write downs. Similar factors impacted year to date results where improvements in noninterest income and the provision for loan losses were offset by lower net interest income and higher OREO expenses and merger related expenses. Nonperforming assets (nonaccrual loans and foreclosed real estate) decreased by 31.39% from $8.8 million at December 31, 2011 to $6.0 million at December 31, 2012. The allowance for loan losses represented 1.95% of outstanding loans at December 31, 2012 compared to 1.81% at December 31, 2011. The Company experienced net charge-offs of $157,126 for the quarter ended December 31, 2012 as compared to $5,979 for the same period in 2011.