On Thursday, San Francisco-based financial services firm Stone & Youngberg LLC released its second-quarter analysis on more than 70 West Coast community banks — including several based in San Bernardino and Riverside counties — and said it’s closely monitoring their earnings and asset quality.
“The second quarter continues to be very challenging and opportunistic for community banks,” said Michael Natzic, branch manager of the firm’s Big Bear Lake branch, in a news release.
“Although we saw big write-downs in goodwill from some of the larger community banks, the majority of the smaller to mid-size community banks remain rather stable and adequately capitalized,” he said.
To request a copy of the report, visit: www.syllc.com/communitybankreport
Financial companies headquartered locally and analyzed in the report include Chino Commercial Bancorp, Ontario-based CVB Financial Corp., Palm Desert-based Desert Commercial Bank, Big Bear Lake-based First Mountain Bancorp, Upland-based Golden State Business Bank, Ontario-based ICB Financial, Riverside-based Premier Service Bank, Riverside-based Security Bank of California, and Temecula Valley Bancorp.