BANK ADDS ASSETS, BUT LOSS GROWS.Byline: Daily News SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, -- Bank of Santa Clarita, the only locally owned bank, continued its growth in the first quarter, boasting boast 1 v. boast·ed, boast·ing, boasts v.intr. To glorify oneself in speech; talk in a self-admiring way. v.tr. 1. To speak of with excessive pride. 2. a 9.1 percent increase in assets since the end of the year. Assets totaled $118.4 million on March 31, the end of the quarter, compared with $108.6 million on Dec. 31. The bank generated $10.5 million in loans, a 12.2 percent increase for the quarter. Interest income reached $1.8 million, compared with $1 million at year's end. The three-year-old Adj. 1. three-year-old - three years of age young, immature - (used of living things especially persons) in an early period of life or development or growth; "young people" bank's net loss for the quarter was $210,000 compared with a net loss of $134,000 for the first quarter of 2006. That was attributed to the opening in February February: see month. of its second branch, in Canyon Country. "We continue to be pleased with both the growth and development of the bank as reflected through our first quarter results," said James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. D. Hicken, president and chief executive officer. "While we reported a loss for the quarter, it was well within our expectations and takes into account the start up expenses of our new branch located in Canyon Country." |
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