North Bay Business Journal

While many businesses, homebuyers and individuals have benefited from the Federal Reserve’s continuing effort to keep interest rates low, that same economic policy — along with heightened pressure from regulators and tepid demand for new loans — has added up to a time of historic challenge for community lenders in the North Bay and beyond.

Executives at North Bay financial institutions said they saw no clear end for the current conditions.

NAPA — Bank of Napa, N.A. (OTCBB: BNNP) today reported record profit in 2012, with net income up by more than two-thirds from the year before.

A number of wine industry lenders in the North Bay have seen an uptick in demand for financing this year as wineries, vineyards and related industries seek to position themselves more strongly in a changed economy.

NAPA — Bank of Napa, N.A. (OTCBB: BNNP) earned a net income of $435,800 in the three months ended Sept. 30, a 75 percent increase over profits made during the same quarter in 2011.

NAPA – Bank of Napa, N.A. (OTCBB: BNNP) announced today that its net income for 2011 was $1.14 million, an increase from $247,000 in the previous year and one the bank attributed to “strong core deposit growth.”

Bank of Napa, N.A., reported a net income of $249,000 in the third quarter of 2011, a $176,000 increase over the same quarter last year.

NAPA – Bank of Napa announced its fourth consecutive quarterly net profit since its founding. The bank recorded net income of $173,000 in the first quarter of 2011, an improvement of over $267,000 from the same quarter last year.