California Bank of Commerce tops $100M in assets
California Bank of Commerce, the Lafayette startup that this week celebrates its first anniversary, said Friday it reached $103.2 million in assets at the end of the second quarter.
The bank’s total assets grew $23 million, or just over 20 percent, from the first quarter.
Total loans at the end of the second quarter stood at $53.5 million, up $20.8 million over the first quarter. The bank noted it has no residential mortgage loans on its books, and reported no delinquent or nonperforming loans as of June 30.
The bank’s total deposits reached $80 million in the second quarter, up $25.2 million compared with the March quarter.
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