NAPA – Bank of Napa on Thursday reported a net loss of $136,000 in the second quarter of 2009, a $209,000 improvement from the same quarter last year.
Total deposits for the quarter, ended June 30, were $55.0 million, an increase from $17.2 million in the second quarter of 2008.
Quarterly loans totaled $54.3 million, an increase of $26.5 million from the same quarter last year.
Through the first six months of 2009, the bank's net loss was $332,000, a $437,000 improvement over the first half of 2008.
Bank of Napa had total assets of $71.9 million at June 30, 2009, representing a $16.8 million or 30.5 percent increase over the same period last year.
Bank of Napa stock was trading today at $5.01 a share. Its 52-week high was $7.50.
The bank opened for business in 2006.
