The parent company of Ojai Community Bank has increased its net income 52 percent year to date for the nine months ending Sept. 30, according to OCB Bancorp’s third-quarter report.
OCB Bancorp, also the parent company of Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, increased its total loans by $48 million from last year, totaling $160 million.
Total deposits for 2015 have also increased $27 million up to $164 million.
“Ojai Community Bank provided consistent earnings, liquidity, loan and deposit growth,” the company said in a news release.
The current share price of approximately $5.75 is about 85 percent of the $6.78 book value.
OCB celebrated the company’s tenth anniversary this year as well as surpassing $200 million in assets. Its assets totaled $12 million when the company opened in 2005.
• Contact Alex Kacik at [email protected]