SAN LUIS OBISPO, Calif., April 12, 2007 (PRIME NEWSWIRE) -- San Luis Trust Bank (OTCBB:SNLS) announced diluted earnings of $0.16 per share for the fourth quarter of 2006 on net income of $4.6 million. Net income of $4.6 million for the year 2006 represents an increase of 14% over 2005 net income of $4.1 million. The $4.6 million in net income represents a 1.79% Return on Assets (ROA) and an 18% Return on Equity (ROE).
CEO Brad Lyon attributed the 2006 record earnings to "strong margins, efficient operations and a staff that provides flexibility and excellent customer services."
Total assets grew 4% to $255.6 million as of December 31, 2006 compared to $244.6 million as of December 31, 2005.
For more information on San Luis Trust Bank, visit www.sanluistrustbank.com .