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million in the first half of the down from earningsof $2.6 million the year earlierf period. The bank holding company of earned $464,000 in the second quarter, down from $1.3 milliom the year earlier period. “While we remained profitable, the disappointing earnings in the seconfd quarter is a reflection of the increased provisionm for credit losses in the light of the overall weak economyy and the potential impact it many have on our borrowinb customers during this economic cyclw and the significant increase in the FDIC insurance premiumxs from both the increase in regular assessment ratess as well as the special assessmentf rate placed on all FDIC insurer institutions in second saidDan Doyle, president of the bank holding company.
The bank has 15 branches in the Centralo Valley from the Fresno areato Sacramento. The bank company got $7 millio n in Capital Purchase Program money from the Departmengt of Treasury earlierthis year. It acquired the Stockton, Lodi and Trachy branches of Service 1st Bancorpin
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