Bank of Santa Clarita Sees Asset Growth

Bank of Santa Clarita reported assets reached $118.4 million on March 31, 2007, a 9 percent increase compared to Dec. 31, 2006. Deposits totaled $98.1 million, up 11.4 percent from $88 million as of Dec. 31, 2006. Total net loans as of March 31 rose to $96.8 million from $86.3 million on Dec. 31, 2006. The bank’s net loss for the quarter was $210,000 or $0.10 per diluted share, down from a loss of $134,000 or $0.06 per diluted share in Dec. 2006.