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Friday, Jun 9, 2023

Bank of Santa Clarita Narrows Loss

Bank of Santa Clarita said today that its assets reached $108.6 million as of Dec. 31, up 73 percent from the prior year. The bank generated $38.9 million in net new loans as of Dec. 31, bringing its total loan portfolio to $86.3 million at year end. That compares with a total loan portfolio of $47.4 million as of Dec. 31, 2005. Deposits as of year end, 2006 were $88 million, up from $42.4 million as of Dec. 31, 2005. Bank of Santa Clarita reported a net loss of $592,000 for the year ended Dec. 31, compared to a net loss of $1.6 million for the prior year. As a result of the company’s growth, Bank of Santa Clarita’s employee levels grew to 30 as of year end compared to 19 at year end 2005.

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