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NORTH BAY – Summit State Bank in Santa Rosa reported net income of $540,000 for the first quarter. That is a decrease of $307,000 from the $847,000 reported the same quarter last year.

“Our net income continues to be driven by our expanding relationship base, strengthening of our core operations and keen attention to gaining greater efficiencies with all of our resources,” said Thomas Duryea, president and chief executive officer.

Deposits totaled $274.9 million, more than the $250 million reported last year. Loans were reported at $284.9 million for the quarter, down from the $297.8 million reported the previous year.

Provision for loan losses in the first quarter was $1.01 million, up from $450,000 in the corresponding quarter of last year.

The bank has $350 million in assets and a Tier 1 risk-based capital ratio of 18.3 percent, well above the 10 percent generally accepted as well capitalized.

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SVB Financial Group, the holding company of Silicon Valley Bank, reported a net income for the first quarter of $18.6 million, up from loss of $11.8 million in the same quarter of 2009, which included a non-cash charge of $11.4 million related to the redemption of preferred stock issued under the Treasury’s Capital Purchase Program.

“In the first quarter, credit quality continued to improve, deposits remained strong and gains from our venture capital-related activities increased,” said Ken Wilcox, president and chief executive officer of SVB Financial group. “Our clients appear more confident about their prospects than they’ve been in many quarters. The number of deals we booked in the first quarter was higher than any recent quarter, and our pipeline is continuing to grow.”

Deposits totaled $11.5 billion, up from $8.5 billion the previous year. Loans were $4.1 billion, less than the $5.0 billion reported in the same quarter of last year.

The provision for loan losses was $10.7 million, compared with $43.5 million in the same quarter last year. Assets were $14.1 billion

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AltaPacific Bank in Santa Rosa reported net income of $189,000 for the first quarter of the year, up from $70,000 in the same quarter last year.

"The ability for our bank to continue to sustain this level of balance sheet growth and profitability during these tough economic times is a great tribute to our professional staff and board of directors,” said Charles Hall, president and chief executive officer of the bank. “As a result of our strong capital position, asset quality and overall business philosophy, business customers are quickly finding us to be an excellent choice when looking to satisfy their financial service needs.”

Deposits were $57.3 million, up from $38.1 million the year before. Loans were $64.7 million, up from $38.8 million reported the previous year.

Allowance for loan losses was $1.3 million, up from $804,000 reported the same quarter last year. Total assets of the bank are $86.96 million.

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Bank of Napa, with total assets of $90.8 million, reported a loss of $93,953 for the first quarter, an improvement of almost $103,000 from the same quarter last year.

“Considering the economic climate, I am pleased with our results,” said Tom LeMasters, president and chief executive officer of the bank. “While the industry continues to contract, our bank is achieving significant growth in both loans and deposits.”

Deposits totaled $74.2 million, up from $51.2 million last year in the same quarter. Loans were $64.1 million, up from $51.8 million during the same quarter of last year.