Bank analysis shows mixed financial gains
- Published on 06/26/2012 - 1:23 pm
- Written by Ben Keller
A recent bank analysis by Crowell, Weedon & Co. showed several Valley banks in a better position than last year, even if they weren't exactly ecstatic about first quarter returns.
Central Valley Community Bank of Fresno, which has 17 branches throughout the San Joaquin Valley, earned $1.71 million in the first quarter, up slightly from the fourth quarter of 2011 and $1.59 million from the same quarter a year ago.
Its total assets, meanwhile, stood at $834.7 million compared to $849.9 million in the previous quarter. Loans were down 4.5 percent to $408.3 million while deposits fell 1.3 percent to $703.4 million.
Fresno First Bank reported a net income of $281,000 in the latest quarter, down from $458,000 in the previous quarter and $430,000 a year earlier.
Compared to the previous quarter, assets were down 3.5 percent to $171.5 million. Loans were up around 3 percent to $103.3 million and deposits dropped 4 percent to $152 million.
Premier Valley Bank of Fresno, which has five Valley branches, earned $1.52 million in the first quarter of the year, down from $2.06 million the previous quarter but up from $1.15 million in 2011's first quarter.
Assets were up 2 percent in the quarter to $532.8 million. Deposits were up around the same percentage to $456.1 million while loans fell 4.4 percent to $332.4 million.
Suncrest Bank of Visalia earned $81,000 in the latest quarter, up from just $28,000 in the fourth quarter of 2011 and a net loss of $124,000 in the first quarter of 2011.
Assets were up nearly 5 percent compared to the previous quarter to $95.7 million. Deposits were up 5.6 percent to $82.5 million while loans were mostly unchanged at $69 million.
United Security Bank of Fresno, which as 13 branches serving the San Joaquin Valley, earned a little over $1 million in the first quarter compared to a loss of $3.36 million in the previous quarter and an income of $356,000 a year earlier.
Assets were down 4.2 percent in the quarter to $623.9 million. Deposits fell 5 percent to $545.5 million and loans were down 2.7 percent to $397 million.