Business & Real Estate

West Sacramento’s Community Business Bank posts strong third quarter

West Sacramento-based Community Business Bank amassed net income of $622,000, or 28 cents per share, in the third quarter that ended Sept. 30.

That was a robust 62.4 percent improvement over a profit of $383,000, or 18 cents a share, in the third quarter of 2014.

Through nine months, net income totaled $1.6 million, or 73 cents a share, matching a profit of $1.6 million, or 75 cents a share, reported in the same period of 2014.

The bank said net interest income in this year's third quarter totaled $2.4 million, up from $2 million in the year-ago period. Total loans as of Sept. 30 were $169.6 million, up from $139.1 million a year ago.

Mark Glover: 916-321-1184, @markhglover

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