Citing increased costs because of its new...

Citing increased costs because of its new headquarters building, Valle de Oro Bank in Spring Valley reported a 68% drop in earnings, to $12,000 for the third quarter ended Sept. 30. For the year, earnings increased 27% to $84,000. Assets increased 72% to $24.1 million, loans rose 54% to $16.4 million and capital at the end of the third quarter was $2.4 million, or about 10% of assets, well above regulatory minimums. Reserves for possible loan losses increased 202% to $142,000.