SANTA ROSA -- Summit State Bank today reported $1.8 million in 2010 net income, down slightly from $2.1 million the year before.

"The bank's core operating performance continues to strengthen, even in light of additional loan loss provisions," said Thomas Duryea, president and chief executive officer.

Total loans were $279.6 million, compared with $288.3 million last year.

Deposits totaled $280 million, up from $264.3 million reported in 2009.

Assets at the end of 2010 increased to $347.9 million from $340.4 million at the end of 2009.

"Growth has been slow due to muted local loan demand," Mr. Duryea said. "However, we have been successful at attracting more full banking relationships that include the core deposits of both the business and the business owners, which will strengthen the bank’s performance when interest rates rise."