Pacific Commerce Bank 3rd-Quarter Income Dips

Pacific Commerce Bank reported that net income fell by 5% to $68,511 for the third quarter ended Sept. 30. Net income rose by 47% to $194,746 for the nine-month period ended Sept. 30. Assets rose 18% to $26 million. Pacific Commerce reported that total loans rose by 28% to $16 million and deposits increased by 17% to $21 million.