ANNAPOLIS – Annapolis Bancorp/BankAnnapolis registered net income of $381,000 for Q4 2009, an increase of $236,000 or 163% from net income of $145,000 in Q4 2008. On a sequential quarter basis, net income increased $158,000 or 71% from $223,000 reported for the three months ended September 30, 2009.

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