Chino Commercial Bancorp has reported a net income of $45,936, or $0.06 per diluted share, for the fourth quarter ended December 31, 2008, as compared to $130,144, or $0.17 per diluted share, for the fourth quarter of 2007. Chino Commercial Bancorp posted net interest income of $799,650 for the quarter, as compared to $960,846 for the same quarter of 2007.
For the full year ended December 31, 2008, Chino Commercial Bancorp posted a consolidated net income of $308,948, or $0.41 per diluted share, compared to $742,609, or $0.94 per diluted share, for 2007. Net interest income was $3.42 million for 2008, as compared to $4.17 million for 2007.
At December 31, 2008, total assets were $83.4 million, an increase of $3.4 million or 4.3% from December 31, 2007. Gross loans declined to $49.8 million at December 31, 2008 from $53.2 million at December 31, 2007, a decrease of 6.4%, while total investments increased to $24.5 million from $11.3 million at December 31, 2007, a 116.2% increase. Total deposits increased by 0.9% to $71 million at December 31, 2008 a slight increase from $70.4 million at December 31, 2007.
Chino Commercial Bank is a locally owned community bank that serves the Inland Empire area. It provides personal service to deserving clients. Chino Commercial Bank is a strong financial institution that is into every aspect of banking needs; recently, it has upgraded its internet security to provide assistance against phishing attack.
