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Security California Bancorp (‘Company”) (OTCBB: SCAF) and its sole
subsidiary, Security Bank of California (“Bank”), reported their
consolidated earnings for the first quarter ended March 31, 2011. The
Company reported net income of $593,747 or 8.6 cents per share, a
significant improvement of $395,144 or 199% over the $198,603 or 3.0
cents per share reported for the same period last year.
Highlights of the Company’s performance for the first quarter of 2011,
when compared to the first quarter of 2010, are as follows:
Total Assets grew to $357 million, an increase of 16% or $49 million
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Article source: http://www.finanzen.net/nachricht/Security-California-Bancorp-Reported-Solid-Earnings-Significantly-over-2010-Results-1104480