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San Fernando
Tuesday, Aug 9, 2022
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Local Banks Report Earnings

FCB Bancorp reported earnings of $3.2 million in 2005 compared with earnings of $2.4 million in 2004. The bank’s total assets at the end of 2005 were $467 million, an increase of 65 percent over the previous year. The Camarillo-based bank’s loan portfolio rose to $343 million, an 87 percent increase over last year and deposits rose to $372 million, a 64% increase over last year. Bank of Santa Clarita announced a fourth quarter net loss of $313,000 on revenues of $810,000, down from a net loss of $331,000 on revenues of $572,000 in the previous quarter. The company said in a news release that its operating losses were consistent with other start-up banks. The bank’s assets grew to $62.6 million in the fourth quarter, a 14 percent increase from the previous quarter and a 181 percent increase over the previous year.

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