Chino Commercial Bank announces $120K profit

Chino Commercial Bancorp, parent company of Chino Commercial Bank, earned about $120,000 in profit during the quarter ending Sept. 30.

That number compares with the $194,000 the company earned during the equivalent three-month period last year.

For the first nine months of this year, Chino Commercial Bancorp. reported a profit of about $273,000, which is about 9.6 percent greater than last year’s earnings.

The bank had $106.2 million in assets at the end of the quarter.

Bank president Dann H. Bowman<NO1> cq<NO> said in a statement that the bank’s customers appear to be benefitting from improved economic conditions. The bank only had a single delinquent loan at the close of the quarter, and the loan has been paid off since the end of the reporting period.