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The company said net income for the third quarter that ended Sept. 30 was $1.71 million, or 17 cents per share, up nearly 140 percent from $717,000, or 8 cents a share, in the year-ago period.
"Our third consecutive quarter of strong earnings illustrates our company's ability to profitably grow, even through the current downward economic cycle and despite elevated provisioning for credit losses," said Patrick J. Moty, BOCH president and CEO.
BOCH also is the parent of Redding Bank of Commerce and Bank of Commerce Mortgage.
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Call The Bee's Mark Glover, (916) 321-1184.
To see more of The Sacramento Bee, or to subscribe to the newspaper, go to http://www.sacbee.com/. Copyright (c) 2009, The Sacramento Bee, Calif. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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