SANTA ROSA -- AltaPacific Bancorp net income for the third quarter totaling $76,000 and net income for the year of $249,000.

All of the loans at the bank were considered performing as of Sept. 30, with none past due in excess of 30 days. The bank has also experienced no charge-offs of loans during the year.

Assets grew 41.9 percent since Dec. 31 of last year, to a total of $113.24 million. Net loans increased 2.6 percent over the quarter, to $55.3 million; deposits grew by 34.3 percent over the quarter, to $80.65 million; allowance for loan losses remained the same as in the past two quarters, at $1.4 million.

Chief Financial Officer Allen Christenson said he attributed the growth in deposits to a newly opened branch in Rancho Cucamonga, which accounted for 80 percent of the increase.

"Loan production continues to be a challenge during this economic environment. We have continually maintained a disciplined and conservative credit culture and find that our borrowers have remained cautious while looking for appropriate business opportunities."

Net income for the nine-month period ending Sept. 30 was $249,000, down from $658,000 by the same point in 2010.