CALIFORNIA COMMUNITY BANK REPORTS PROFITABLE QUARTER
ESCONDIDO, CA - (Business Wire) - July 28, 2010 - California Community Bank (OTCBB: CABK.OB), today released its unaudited second quarter 2010 financial results.
The Bank finished the second quarter of 2010 with an asset base of $218,556,000, an increase of $36,775,000, or 20%, from the end of June 2009. Total deposits were $190,862,000, up $37,330,000, or 24%, over the same period a year ago. As of June 30, 2010, total gross loans net of deferred fees, the primary revenue driver for the Bank, stood at $158,465,000 compared to $149,407,000 at June 30, 2009, an increase of $9,058,000, or 6%.
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