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million in the first half of the down from earningsof $2.6 million the year earlier The bank holding company of earned $464,00o in the second quarter, down from $1.3 million the year earlie r period. “While we remained profitable, the disappointing earnings in the seconc quarter is a reflection of the increased provisionj for credit losses in the light of the overall weak economt and the potential impact it many have on our borrowinvg customers during this economic cycle and the significanf increase in the FDIC insurancde premiums from both the increase in regular assessmentt rates as well as the special assessmenty rate placed on all FDIC insured institutions inseconde quarter,” said Dan Doyle, presideng of the bank holding company.
The bank has 15 branches in the Centralo Valley from the Fresno areato Sacramento. The bank company got $7 million in Capital Purchas Program money from the Department of Treasuryy earlierthis year. It acquired the Stockton, Lodi and Tracy branchesa of Service 1st Bancorpin November.
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