According to a report on marketwatch.com, the Bank of Napa posted a year to date net income of $954,000 for the second quarter of 2012, a stark rise from the bank's $392,000 net profit it posted at this same time last year.
The report, which attributed the Bank of Napa, said the bank's pre-tax net income was $758,000, a $508,000 improvement from 2011.
Here's some more information from the report:
The Bank's regulator, the Office of the Comptroller of the Currency (OCC) completed its scheduled examination of the bank during the quarter. The results of their examination confirm the Bank's sound condition; evidenced by its strong capital level, outstanding credit quality, and significant profitability.
President and Chief Executive Officer Tom LeMasters stated, "We are pleased with the consistent profitability we generate, and look forward to celebrating our Bank's sixth anniversary." Shareholders, customers and friends are invited to drop by the Bank the afternoon of August 10, 2012 to help celebrate the anniversary.
Click here to see the full report: http://www.marketwatch.com/story/bank-of-napa-reports-strong-profitabilty-celebrates-sixth-anniversary-2012-07-19