Business & Real Estate

West Sacramento bank profits top $500,000 in second quarter

West Sacramento-based Community Business Bank amassed quarterly net income of $526,000, or 24 cents per share, in the second quarter ended June 30.

That was down from profits of $595,000, or 27 cents a share, in the second quarter of 2014.

Through six months, net income totaled $1 million, or 45 cents a share, compared with net income of $1.2 million, of 57 cents a share, in the first half of 2014.

The bank, which also has a branch in Lodi, said net interest income in this year’s second quarter totaled $2.2 million, up from $1.9 million in the year-ago period. Total loans as of June 30 were $160.1 million, up from $133.3 million on June 30, 2014.

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