Presidio Bank Reports 89% Increase in Net Income for 2013

Presidio Bank, a Bay Area business bank, today reported unaudited results for the fourth quarter and year ended December 31, 2013 with net income for the year of $2.4 million, an 89 % increase over the $1.3 million achieved in 2012. For the fourth quarter, net income totaled $739 thousand, up $11 thousand from the third quarter 2013 and up $735 thousand over the fourth quarter of 2012. The Bank also ended the year with record high levels of loans, deposits and total assets.