Business & Real Estate

Placerville banking firm’s profits up 11.5 percent in first half of 2016

Placerville-based El Dorado Savings Bank, which operates 31 branches in California and four in northern Nevada, reported an 11.5 percent year-over-year gain in profits.

Net income through six months totaled $6.46 million, compared with $5.79 million in the January-to-June period of 2015.

The banking firm said second-quarter net income totaled $2.88 million, up nearly 3 percent from $2.8 million last year.

At the close of the second quarter, the bank reported $2.05 billion in total assets and savings deposits of $1.83 billion.

Mark Glover: 916-321-1184, @markhglover