Summit State Bank's earnings grew last year to a record $4.3 million, a gain of 25 percent from 2012.
Assets for the Santa Rosa-based bank grew 2 percent to $454.1 million.
Tom Duryea, president and CEO, in a statement called 2013 "our most successful year to date as our community banking team continued to grow earnings to a new high."
Core deposits, which include checking, savings and money market accounts, increased 12 percent to $188.5 million.
The bank set aside $50,000 for possible loan losses, a significant decline from $3.4 million in 2012.
Bill Fogarty, a senior vice president and chief credit officer, said the bank was able to sharply scale back its provision for loan losses last year because of increases to that allowance during the economic downturn. As well, he said, bank officials were able to resolve many problem loans without the use of the allocated reserves.
The bank continues to pay a quarterly dividend of 11 cents a share.
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