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CHICO, Calif., Jan. 19, 2019 (GLOBE NEWSWIRE) -- Northern California National Bank (OTC markets: NCNB) reported net income of $2,293,000 for the fiscal year ended December 31, 2018 compared to $1,615,000 earned in the fiscal year 2017. This is a 42% increase in net income compared to the fiscal year ended December 31, 2017. The 2018 fiscal year end pretax net income was $3,135,000, which is a 14% increase from the $2,742,000 earned in the fiscal year 2017.
Financial Highlights for the fiscal year end December 31, 2018
“We are very pleased to report our operating results for the fiscal year ending December 31, 2018. The Bank continues to be very successful with a large percentage increase in net income, and good growth in loans and deposits," said Todd Lewis President/CEO. "2018 was a very challenging year for our community and we are anxious to support the community in various ways to help with the recovery from the Camp Fire. We have an amazing community, along with our customers, employees, Board members and shareholders that contribute to our success.”
Located at the corner of 7th Avenue and Mangrove, Northern California National Bank is a locally owned and operated bank servicing the needs of the businesses and individuals in Northern California since March 2006. The Bank has a full service branch in Chico, CA and a Loan Production Office in Sacramento, CA. For more information call (530) 879-5900 or visit the website at www.norcalbank.com.
Northern California National Bank