Santa Cruz County Bank posts profitable quarterApril 25, 2014
By Jondi Gumz - Santa Cruz Sentinel
SANTA CRUZ -- Santa Cruz County Bank, 10 years old and locally owned, posted a profit of $869,00 for the quarter ending March 31, up 1 percent from the prior quarter and up 9 percent from a year ago.
Gross loans totaled $278 million, growing 8 percent — $20 million — from the prior quarter and up 21 percent from a year ago.
"We had a very big quarter in loan production," said senior vice president Mary Anne Carson, citing $37.8 million in loan commitments, up from $31 million the prior quarter, with $5.1 million in payoffs.