View Mobile Site

Ask the Expert

Signal Photos


Bank of Santa Clarita posts positive Q1 results

Posted: May 2, 2014 7:16 p.m.
Updated: May 2, 2014 7:16 p.m.

The Bank of Santa Clarita’s net earnings for the first quarter of 2014 were $248,000, representing a growth of 6 percent over the amount netted in the same period of 2013, the bank reported this week.

The bank also stated in its earnings report that net interest income for the first quarter of this year was $1.8 million — the greatest quarterly amount reported by the bank.

Loans for the quarter totaled $158.3 million, an increase of 4 percent. Deposits of $186.8 million were up 6 percent, or $11.4 million, over the first quarter of 2013.

Shareholder equity totaled $22 million, the bank stated.

“We are pleased with this quarter’s positive operating results,” said Frank Di Tomaso, chairman and CEO. “Moving forward, we continue to focus our efforts on developing strategies to improve the bank’s profit potential while maintaining its high level of service.”




No comments have been posted.

You need to be a registered user to post a comment. Please click here to register.

The Signal encourages readers to interact with one another, following the guidelines outlined in our Comment/Moderation Policy. Click here to read it.

To report offensive or inappropriate comments, e-mail The content posted from readers of does not necessarily represent the views of The Signal or Morris Multimedia. By submitting this form you agree to the terms and conditions listed above. Thank you in advance for your cooperation.


Powered By
Morris Technology
Please wait ...