Bank of Commerce reported third-quarter net income of $149,000, up 50% from the $98,000 reported for the same three months last year. For the nine months ended Sept. 30, the bank posted a profit of $465,000, up from $274,000 for the like period last year.
As of Sept. 30, Bank of Commerce assets were $84 million, up slightly from the $83.5 million reported a year ago. Loans were $59 million, down from $66 million last year. Deposits were $76.7 million, up slightly from $76.5 million a year ago.