Los Robles Bancorp’s Profit More Than Doubles

Los Robles Bancorp reported that earnings more than doubled in the second quarter this year over last year’s record financial performance.

Net income for the quarter that ended June 30 was $289,000 or 54 cents a share, compared with $129,000 or 24 cents a share a year earlier.

“We are continuing to experience the long-term benefits of the loyalty of the business and professional community from our decision 10 years ago to specialize in . . . service to small- and medium-size businesses in the greater Conejo Valley,” said Robert B. Hamilton, president and chairman.

Los Robles Bancorp reported that its loan portfolio increased to $61 million, up 30.2% from last year. Total assets have risen more than $15 million, or 18.1%, and deposits by $14 million or 17.8% from a year ago.

The bank holding company, with assets of $103.3 million, operates Los Robles Bank in Thousand Oaks, Westlake Village and Camarillo.