Community Bank reported third-quarter net profits Tuesday of $6.8 million, up 12.2 percent from $6.1 million a year ago.

The Pasadena-based business bank operates 15 offices in Los Angeles, San Bernardino, Riverside and Orange counties, including an office in Santa Clarita.

Nonperforming assets totaled $66.6 million as of Sept. 30, down from $74.2 million a year earlier. The improving credit climate enabled the bank to cut its loan loss reserve to $36.4 million (2.06 percent of total loans) from $37.3 million (2.11 percent) a year earlier.

Interest income increased 2.4 percent year-over-year to $23.4 million. Total loans were unchanged at $1.77 billion while deposits increased to $1.99 billion from $1.97 billion.

Tier 1 Leverage, Tier 1 Risk-based Capital and Total Risk-based Capital ratios were 9.22 percent, 11.81 percent and 13.07 percent respectively, exceeding regulatory requirements for a “well-capitalized bank” of 5 percent, 6 percent, and 10 percent.

“I am delighted with the Bank’s performance amidst the economic uncertainties that are present in today’s financial markets,” CEO David Malone said.