Santa Lucia Bancorp, the parent company of Santa Lucia Bank, posted its fourth quarter earnings for 2010, reporting a net loss of $1.2 million.
The figure compares with a net loss of $4.6 million in the third quarter of 2010, and a net loss of $2.4 million for the fourth quarter of 2009. For the year, the company reported a net loss of $14.8 million, compared with a net loss of $1.8 million in 2009.
The company attributed the fourth quarter losses to a $1.7 million provision for loan losses, along with $467,000 in quarterly net charge-offs.
The Atascadero-based Santa Lucia Bank has a branch office in Santa Maria at 1825 S. Broadway.
For more information, visit santaluciabank.com.
This article appears in Feb 17-24, 2011.