Officer of Community Bank of Santa
Maria, released the bank’s first quarter earnings report this week. “We are excited to
report across the board increases in assets, deposits, and loans and more importantly, a
very impressive increase in Net Income” stated Silveria.
Total Assets increased 7.7%, from $238.0 million as of March 31, 2016 to $256.3
million as of March 31, 2017. Total Deposits increased 8.0%, from $215.9 million as of
March 31, 2016 to $233.2 million as of March 31, 2017. Net Loans were up 9.6%, from
$125.3 million as of March 31, 2016 to $137.3 million as of March 31, 2017. Net Income
was up an impressive 115.3%, from $182,713 from March of last year to $393,343 as of
March 31, 2017. www.yourcbsm.com/Portals/...ses/Press%2520Rel_1Q%25202017.pdf