El Dorado Savings’ profits inch higher
El Dorado Savings Bank reported third quarter profits of $2.7 million, which represented a $34,172 increase compared to 2014.
“Earnings for the first nine months of 2015 totaled $8,533,749, compared to $8,606,106 in 2014,” CEO George L. Cook Jr. said in a statement. “The continued strong performance of the investment and real estate loan portfolios contributed to the strong earnings in 2015.”
El Dorado ended the quarter with $1.98 billion in total assets and savings deposits of $1.77 billion.
The bank operates 31 in California and four in Northern Nevada.