[SCVBank] – Santa Paula-based SCVBank recorded a net profit of $181,000 for the first quarter of 2012 compared to a net profit of $131,000 for the first quarter of 2011. This improvement in earnings was largely due to the improvement in non interest income and the reduction of non interest expenses.
SCVBank continues to maintain a strong capital position with a Tier 1 Leverage Capital Ratio of 11.27 percent, up from 10.37 percent a year ago.
Liquidity continues to be very strong as cash and investments total $56,753,000, or 43 percent of total assets at quarter end.
Founded in 1998, SCVBank currently operates three branches in Santa Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB, SCVBank’s stock is traded through McAdams Wright Ragen, Raymond James & Associates Inc., and Monroe Securities. The Bank’s web site is www.SCVBank.com.