Malaga Financial Corporation reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net income of $3,118,000 or $0.51 basic and $0.50 fully diluted earnings per share, an increase of $320,000 or 11.4% from income of $2,798,000 for the quarter ended June 30, 2016. Net interest income totaled $8,006,000, an increase of $464,000 or 6% from the second quarter of 2016. This increase resulted mainly from an increase in the interest spread from 2.99% to 3.18%. For the six months, the company reported net income of $6,170,000 or $1.00 basic and $0.99 fully diluted earnings per share compared to $5,657,000 or $0.93 basic and $0.92 fully diluted earnings per share for the six months ended June 30, 2016. Net income resulted in an annualized pre-tax return on average equity of 17.32%.