Two Sacramento-area banks see profit gains in second quarter

Two Sacramento-area banks reported year-over-year improvements in second-quarter profits.

Auburn-based Community 1st Bank had net income of $326,000 in the quarter ended June 30, compared to income of $33,000 in the second quarter of 2014. The bank said 2014 earnings were impacted by several nonrecurring charges and a provision for loan losses. Through six months this year, net income totaled $616,000, up from $144,000 in the year-ago period.

Community 1st has branches in Auburn and Roseville and a loan office in Sacramento.

Folsom-based Sierra Vista Bank reported net income of $132,000 in the second quarter, up from a profit $122,000 in second quarter of 2014. Net income through six months of 2015 totaled $245,000, down from a profit of $298,000 in the first half of 2014.

The bank said first-half 2015 earnings were impacted in part by costs related to the opening of its Fair Oaks branch. Sierra Vista also operates branches in Folsom and Cameron Park.

This story was originally published August 13, 2015 at 11:29 AM with the headline "Two Sacramento-area banks see profit gains in second quarter."