Security First Bank in Fresno reported a profit of $80,000, or 5 cents per share, for the fourth quarter of 2013. That represents a 29% increase from the $62,500 or 4 cents per share in net earnings in the fourth quarter of 2012.
In the bank's earnings statement issued Thursday, Security First's net earnings for all of 2013 were reported at $327,000 or 19 cents per share, about 23% more than the 2012 full-year profit of $265,000 or 16 cents per share.
The company's assets and deposits at year-end were both up from the end of 2012. Total assets as of Dec. 31 were $99 million, compared to $97 million in 2012, while total deposits rose from $78 million at the end of 2012 to $83 million at the end of 2013.