SANTA ROSA -- Exchange Bank reported another profitable quarter -- the sixth in a row since the losses and suspension of dividends a year and a half ago.
Net income for the quarter was reported at $3.14 million, up sharply from $816,000 the same quarter of 2009.
Loans decreased 7 percent to $1.02 billion, including a $34.2 million allowance for loan losses.
Deposits decreased about 2 percent to $1.29 billion, from $1.32 billion the prior year.
Total assets were reported to be $1.51 billion, down slightly from the $1.57 billion reported the year before.
