Chico, Ca – Northern California National Bank (OTCBB: NCNB.OB), reported net income of $414,000 for the six months ending June 30, 2014. This is an 8% increase in net income from the $384,000 net income that the Bank reported in the first six months of 2013.
The Bank's total assets were $166.7 million at June 30, 2014 a 19% increase from the June 30, 2013 balance of $139.8 million. Loans totalled $60.0 million, up 9% from a year ago and deposits increased 25% and ended the period at a balance of $150.9 million. The Bank continues to have good asset quality, is considered to be well capitalized and exceeds the minimum regulatory capital requirements.
"The Bank continues to achieve positive financial results." said Chairman / President and CEO John Lucchesi. "These results are due to the dedication of the staff and Board of the Bank and the tremendous support from our customers. We continue to encourage people from the community to come in to our Bank and experience our superior service."
Northern California National Bank is a locally owned and operated bank servicing the needs of the businesses and individuals in Northern California. The Bank has a full service branch in Chico, CA. For more information call (530) 879-5900 or visit the website at www.norcalbank.com.
Market Makers for Northern California National Bank Stock
There are several market makers for Northern California National Bank stock, including McAdams Wright Ragen. For more information regarding buying and selling our stock, contact your brokers or Joey Warmenhoven at the phone number or address below:
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