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San Joaquin Bank posts second quarter profits
| Tuesday, Jul 22 2008 6:28 PM
Last Updated: Wednesday, Jul 23 2008 7:31 AM
Bakersfield-headquartered San Joaquin Bank announced second quarter profits Tuesday of $2.64 million, or 65 cents per diluted share, a 12 percent increase from the same quarter a year ago.
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The $878 million-asset bank’s deposits for the quarter, which ended June 30, increased by $41 million to $727 million.
Bart Hill, president and chief executive of the bank, said in a statement the quarterly performance pleased bank officials, who remain focused on strengthening liquidity and capital during the current credit crises.
The bank’s holding company, San Joaquin Bancorp, is traded over-the-counter under the symbol SJQU.