Peninsula Bank reported that net income rose...
Peninsula Bank reported that net income rose 11.1%, to $381,448, for the first quarter ended March 31, up from $343,481 during the previous first quarter. Total assets rose 12.2% to $146 million, up from $130 million a year ago. Deposits rose 11.4%, to $135 million, from the $121 million reported a year earlier.
The recently finished quarter was the most profitable first quarter in Peninsula’s 13-year history, according to Chief Administrative Officer L. L. Willette.
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