Summit State Bank (NASDAQ: SSBI) reported $409,000 in net income for the third quarter of 2011, a 26 percent increase over the same quarter last year.

Total assets increased to $395.08 million by Sept. 30, up 13.6 percent since the start of the year. Deposits increased 15.9 percent since the beginning of the year, to $324.5 million.

Net income for the nine months ending Sept. 30 was $1.68 million, up from $1.2 million by the same time last year. Income available to common stockholders was $1.2 million for the nine months, or 25 cents per diluted share, versus 20 cents per diluted share in 2010.

The net interest margin for the quarter fell to 4.11 percent versus 4.52 percent in the same quarter last year. The bank attributed the decrease to a loan that became non-accruing during the quarter and efforts to increase liquidity and earning assets. The margin was 4.52 percent for the year to date.

The provision for loan losses increased, $1.6 million for the quarter and $3 million through the year versus $1.15 million for the quarter and $2.86 million for the year in 2010.

Nonperforming loans totaled $9.64 million at Sept. 30, down from $13.47 million at the beginning of the year.***

AltaPacific Bancorp (OTCBB: ABNK) reported 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.***

Bank of Napa (OTCBB: BNNP) third-quarter net income increased 240 percent to $249,000, up $176,000 from the same quarter a year before.

In the nine months ending Sept. 30, the bank reported net income of $641,000 up from $36,000 in the same period last year.

Bank of Napa had the largest annual increase in market share of deposits — reaching 4.4 percent — among the 16 banks doing business in Napa County, according to first-half FDIC figures the bank cited.

“Balance sheet growth, credit quality and liquidity remain strong, and we are pleased with our substantial improvement in profitability,” said President and CEO Tom LeMasters.

At the end of the third quarter, deposits totaled $113.2 million, up $27.2 million from a year before; loans, $79.3 million, up $8.3 million; and total assets, $131.4 million, up 27.9 percent. Bank of Napa had $17.5 million in equity capital at quarter end....Submit items for this column to Business Journal Staff Writer Eric Gneckow, 707-521-4259 or eric-gneckow@busjrnl.com.