El Dorado Savings’ profits increase

El Dorado Savings Bank’s third quarter profits were 17 percent than a year ago.

The Placerville-based bank, which has branches in South Lake Tahoe reported profits this week of $2,704,532.

Earnings for the first nine months of  this year total $8,606,106, compared to $6,145,993 in 2013.

CEO George L. Cook, Jr. attributes this to strong performance of the investment and real estate loan portfolios.

El Dorado ended the quarter with $1.88 billion in total assets and savings deposits of $1.68 billion.

— Lake Tahoe News staff report