SAN LUIS OBISPO, Calif., July 23, 2007 (PRIME NEWSWIRE) -- San Luis Trust Bank (OTCBB:SNLS) announced earnings of $2.2 million through June 30, 2007. Second quarter earnings of $1.1 million or $0.26 per share was a slight increase from first quarter earnings of $0.25 per share. Return on Equity (ROE) for year-to-date 2007 is 15.62%; Return on Assets (ROA) is 1.72%.
CEO Brad Lyon said "we've been able to strengthen our core earnings and grow our deposit base this quarter. We're very pleased with the results and anticipate more continued success in the future."
Total assets as of June 30, 2007 were $254.1 million.
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 http://www.sanluistrustbank.com.