Santa Cruz County Bank In The News
SANTA CRUZ - Santa Cruz County Bank posted a record $4.4 million profit for the year ending Dec. 31, up 32 percent from a year ago, with quarterly earnings of $1.3 million, up 6 percent from the prior quarter.
Gross loans at the 11-year-old bank totaled $315.6 million, up 6 percent from last quarter and up $57.5 million from a year ago, a 22 percent increase, despite $36.6 million in payoffs.
In 2014, the bank made 248 new loans up from 217 the year before.
“People are feeling more comfortable in making investments,” said David Heald, Santa Cruz County Bank’s president and CEO.