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San Diego
Sunday, May 19, 2024
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Profits Up at San Diego Trust

San Diego Trust Bank reported nine-month profits of $426,000 compared with the same period last year, when it lost $944,000.

As of Sept. 30, total assets at the 2-year-old bank stood at $78.9 million, up from $53.6 million on Sept. 30, 2004.

Loans were $50.7 million compared with $30.2 million in the prior year’s third quarter, while deposits were $67.3 million, compared with $43.7 million for the like period.

The single-office bank that opened in October 2003 had no delinquencies or problem loans to report.

Mike Allen

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