Community Bank of Santa Maria reports second quarter gains after sale of its Lompoc branch

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Community Bank of Santa Maria reports second quarter gains after sale of its Lompoc branch

By Staff Report / Tuesday, July 17th, 2018 / Comments Off on Community Bank of Santa Maria reports second quarter gains after sale of its Lompoc branch

Community Bancrp of Santa Maria said net income for the second quarter jumped 131 percent from $788,879 for the period ending June 30, 2017 to $1,822,459 for the quarter ended June 30, 2018. Net loans grew 9.5 percent, from $150.8 million at June 30, 2017 to $165.1 million at June 30, 2018. The results reflect…

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