Valle de Oro Bank reported first-quarter earnings...

Valle de Oro Bank reported first-quarter earnings of $62,000, up 114% over last year’s first quarter. Assets increased 17% to $31.1 million, deposits rose 84% to $28.5 million and loans increased 22% to $24 million.

Rebounding from a $201,797 loss in the fourth quarter, Cohu Inc. reported a 46% drop in earnings to $208,936 and flat earnings of $7.4 million for the first quarter ended March 31. President and Chief Executive James Barnes said that expenses from product development of the company’s microwave signal venture and semiconductor test handling equipment continued into the fourth quarter.