Greater Sacramento Bancorp, parent of Bank of Sacramento, reported net income of $710,000, or 27 cents a share, in the third quarter ended Sept. 30.
That was up 23 percent from $576,000, or 22 cents a share, in the third quarter of 2012.
Through nine months of 2013, GSB reported has amassed a profit of about $2.14 million, or 80 cents a share, compared with about $1.97 million, or 75 cents a share, in the year-ago period.
The banking company said earnings have been boosted by substantial gains in net interest income, a byproduct of improved loan volume and slightly improved yields for both loans and securities.
It is also important to note that the loan and income growth have been achieved during a still-lackluster local economy. The need to aggressively seek out quality lending relationships remains a priority, said William Martin, chairman and CEO.
Call The Bees Mark Glover, (916) 321-1184.