Bank of Commerce Lists Quarter’s Net of $174,000

Bank of Commerce reported a return to profitability with first-quarter net income of $174,000, compared with a net loss of $48,000 over the same period last year. In an effort to improve its capital ratio, the bank said its assets have shrunk 5% to $80.5 million compared with $85.1 million on March 31 a year ago. Over the same period, loans dropped 7% to $61.9