California Oaks State Bank said today that it earned $184,818 or $0.10 per diluted share for the quarter ended Mar. 31, more than two-and-a half times its earnings for the comparable period a year ago. Bank officials attributed the improvement, which compares to earnings of $52,000 in the prior year period, to its business development programs and increasing interest rates. Assets at the Thousand Oaks-based bank grew 14 percent to $106.0 million, up from $93 million in the comparable period a year ago.
Net at California Oaks Soars