El Dorado Savings Bank posts profit
By Mark Glover, Sacramento Bee
While loan loss provisions cut into the profits of other regional banks, Placerville-based El Dorado Savings Bank kept humming right along in 2009.
The bank this week reported a profit of $10.7 million in 2009, a 12 percent increase over $9.5 million in 2008. For the fourth quarter, ended Dec. 31, it had net income of $2.1 million, up from $553,703 in the year-ago period.
