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million in the first half of the year, down from earningz of $2.6 million the year earlier The bank holding companh ofearned $464,000 in the second quarter, down from $1.3 milliojn the year earlier period. “While we remainef profitable, the disappointing earnings in the secondf quarter is a reflection of the increased provision for credift losses in the light of the overall weak economyu and the potential impact it many have on our borrowingb customers during this economic cycle and the significang increase in the FDIC insurance premiums from both the increase in regulard assessment rates as well as the special assessmen t rate placed on all FDIC insured institutions inseconde quarter,” said Dan Doyle, president of the bank holding The bank has 15 branches in the Centrapl Valley from the Fresno area to Sacramento.
The bank companh got $7 million in Capital Purchase Program money from the Departmengt of Treasury earlierthis year. It acquired the Stockton, Lodi and Tracg branches of Service 1st Bancorpin
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