SAN LUIS OBISPO, Calif., June 16, 2006 (PRIMEZONE) -- San Luis Trust Bank (OTCBB:SNLS) was recently recognized in an article entitled "Top Bank Earners" in the June 2006 issue of Independent Banker Magazine.
"The Bank continues to do extremely well," said Bradley Lyon, president and CEO. "We position ourselves well and find the Bank on this list year after year. It is a great honor; we credit our success to a great community and an efficient staff."
The cover story in the June 2006 issue of Independent Banker Magazine is an article that rates the top-earning community banks. The article ranks banks in several different categories based on asset size. Of 2,477 banks having assets of $100 million - $250 million, the top 20 were rated in both ROA and ROE. San Luis Trust Bank was on both lists ranking 8th overall in ROA and 18th overall on ROE. This ranking includes institutions nationally. For both categories, San Luis Trust Bank was ranked above all but one bank within the State of California (asset size $100-$250 million).
In April, San Luis Trust Bank reported results for the first quarter of 2006. Net income increased 48% to $1.54 million, compared to $1.04 million, in the first quarter a year ago. Assets increased 36% to $256 million and loans grew 30% to $207 million from the first quarter of 2005.
San Luis Trust Bank is a single branch institution headquartered in San Luis Obispo, California. The Bank conducts banking business in San Luis Obispo County. Visit San Luis Trust Bank on the web at www.sanluistrustbank.com.