Community Bank of Santa Maria’s first quarter earnings report shows increases in assets and total deposits but flat income after adjustments compared to last year, according to figures released by Janet Silveria, president and chief executive officer of parent company Community Bancorp of Santa Maria.

Total assets grew 15%, from $358.0 million on March 31, 2021, to $411.4 million on March 31, 2022, while total deposits increased 16%, from $326.3 million to $378.2 million during the same period.

Net loans went from $249.2 million on March 31, 2021, to $208.5 million on March 31, 2022, for a decrease of 16%.

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