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Sterling Financial Corp. (NASDAQ: STSA), parent company of Santa Rosa-based Sonoma Bank, reported net income for the second quarter increased 22.5 percent from the first three months of 2013.

The company had net income of 27.8 million for the three-month period ended June 30, equivalent to 44 cents per diluted share.

The company saw organic year-to-year loan growth of 14 percent across its subsidiaries, which include Sonoma Bank and Borrego Springs Bank in California and Sterling Bank across the rest of its operating area in the western U.S. Prior to its allowance for loan losses, Sterling had over $7 billion in loans as of June 30.

Credit quality has improved over the course of the year. Nonperforming assets were 1.7 percent of total assets, compared with 3.35 percent in 2012. The company had $9.9 billion in assets as of June 30.***

Westamerica Bancorporation (NASDAQ: WABC), parent company of San Rafael-based Westamerica Bank, reported $17.1 million in net income for the second quarter of 2013, down 18.4 percent from the same period last year. Those earnings were equivalent to 64 cents in diluted earnings per common share.

While earnings were down, the bank announced that it has seen credit quality improve and noted a 36 percent reduction in nonperforming assets in the 12-month period ended June 30.

Net interest income was $42.6 million for the quarter, compared with $50.3 million in the second quarter of 2012.

Assets at the bank totaled $4.8 billion as of June 30, including $1.9 billion in outstanding loans.***

First Northern Community Bancorp (OTCQB: FNRN), parent company of Dixon-based First Northern Bank, reported net income for the first six months of 2013 increased 21.7 percent from the same period last year.

The bank reported net income of $2.8 million for the six month period ended June 30. Income for the second quarter alone, $1.4 million, was up 16.7 percent from 2012. Earnings for the six-month period were 26 cents per diluted share, up 44.4 percent from 2012.

Net loans increased 6.8 percent over the past 12 months, to $471.4 million. Total assets were up 7.6 percent, at $844.7 million. First Northern had an $800,000 loss provision for the quarter, compared with $1.2 million at the same period last year.

Deposits grew 9.8 percent compared with June 30 of last year, currently totaling $754.3 million.***

Santa Rosa-based Summit State Bank (NASDAQ: SSBI) reported net income of $1.03 million for the quarter ended June 30, a 23 percent increase versus the same quarter last year.

Interest income increased 2 percent from a year before to $4.06 million. While overall loan volume declined 2.3 percent over the year to $271.8 million, average earning assets increased more than 9 percent.

Core deposits represented 53 percent of total deposits, up from 46 percent last year and representing an increase of 20 percent compared with the same time in 2011. Bank executives said those deposits, typically defined as being stable accounts form the local market, were a long-term priority.

Summit set aside $50,000 for its provision for loan losses, compared with $410,000 at the same period last year. Its allowance for loan losses was 2.2 percent, down from 2.46 percent.

Total assets increased 6 percent over the year to $432 million.***

Loans, deposits and income grew for AltaPacific Bank from the first quarter of 2013 to the second, though money set aside as a reserve for possible acquisitions contributed to a year-over-year decline in net income.

The Santa Rosa-based bank’s parent company, AltaPacific Bancorp (OTCBB: ABNK), reported net income of $238,000 for the quarter ended June 30. That income was 20.7 percent less than the same three-month period last year, but up 49.7 percent from the prior quarter.

Interest income for the first half of the year was $5.2 million, up 4.1 percent from a year before. Half-year loan volume increased 30.2 percent to $128.7 million.

Deposits totaled $171.7 million as of June 30, up 9.9 percent from a year before.  Total assets increased 4.3 percent to $225.6 million since the end of last year.•••

Submit items for this column to eric.gneckow@busjrnl.com or call 707-521-4259.