Summit State Bank reported $790,000 in profit Thursday for the second quarter, up 56 percent from last year.
So far it has earned $1.27 million during the first six months of this year, a 28 percent increase over last year.
The Santa Rosa bank's earnings were boosted by a 14 percent increase in its interest income. It earned $4.3 million in net interest income during the quarter, compared to $3.8 million last year.
During the first six months of this year, it has increased its total deposits to $313 million, up 11.9 percent from the beginning of the year.
Summit State Bank increased its assets to $384 million, up 10.2 percent from the beginning of the year.
The bank has increased its reserve for loan losses to $7.3 million, up from $6 million at the end of last year.
The bank was able to lower its non-performing assets to $11.4 million on June 30, down from $14 million three months earlier.
Its regulatory capital remained well above the required capital ratios with a Tier 1 capital leverage ratio of 13.9 percent, a Tier 1 risk-based capital ratio of 17.5 percent and a total risk-based capital ratio of 18.8 percent at June 30.