Bruce Jensen, President and Chief Executive of Town & Country Bank. (TCB photo)
(St. George, UT) - Town & Country Bank reported net income of $97,000 for the quarter ending December 31, 2010. The announcement said the bank’s quarterly profit included a onetime fee earned in conjunction with Town & Country’s acquisition of deposits from Cedar City-based ADB Bank".
Town and Country Bank assets stood at $68.4 million with net loans of $46.7 million and deposits of $60.7 million at yearend.
Bruce Jensen, President and Chief Executive Officer, said, “We’re pleased with the positive results. Looking ahead, we are cautiously optimistic, though the local economy still remains tentative.”