$3 million 2012 profit for bank parent GSB
02/06/2013 12:00 AM
02/05/2013 10:56 PM
Greater Sacramento Bancorp, parent of Bank of Sacramento, continued to roll up profits in 2012.
Coming off a 2011 that saw the banking company more than triple its year-over-year profits, GSB reported 2012 net income of more than $3 million, or $1.15 a share.
That was up from $2.33 million, or 89 cents per share, in 2011.
Net income in last year's fourth quarter was $1.07 million, or 40 cents a share, compared with $601,000, or 23 cents a share, in the final quarter of 2011.
The bank cited improvements in both loan quality and loan volume.
– Mark Glover
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.