Community Bank of Santa Maria released its first quarter earnings report for 2010, reporting an increase in total deposits, loans, and net profit.
Community Bank CEO Jim Glines reported the bank’s total deposits were up 10.86 percent from the same period a year ago. Total deposits rose from $114,189,324 to $126,592,412 from the first quarter of 2009 to 2010. Total assets of the bank have increased 9.05 percent, and net profits are up 18.56 percent from this time last year.
For more information, visit yourcbsm.com.
This article appears in Apr 22-29, 2010.