Masterhead

Thank you for visiting santacruzupdate.com. Fill in the form below:

Name/Corp.:

E-mail:

Subject:

Message:

Business Digest, July 26, 2016: Lighthouse Bank posts profit

Published Monday July 25

Locally owned Lighthouse Bank posted net income of $500,000 for the quarter ending June thirty the 28th successive quarter of profitable operations, and reached a milestone of $201 mill. in total assets, up fourteen percent from a year ago.

The 8-year-old bank reported loans of $155 mill. up nine percent from March 31 and up sixteen percent from a year. Deposits totaled $169.6 mill. up ten percent from March 31 and up sixteen percent from a year ago.

Shareholders’ equity totaled $29 mill. up ten percent from a year ago. Earnings per share were 21 cents vs. 24 cents a year ago. Book value per share was $12.42 up from $11.79 a year ago.

Article length: About 320 words.
Tags: Santa Cruz
Read more at Santacruzsentinel

google-468x60a

Share This Post

DeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS

selfad-writeart-b