Bank Holdings Inc. of Reno said Thursday that it earned $579,000 in the fourth quarter, 74% more than a year earlier.
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For the year its earnings rose nearly 400%, to $1.4 million.
The $385 million-asset parent of Nevada Security Bank and Silverado Bank in Roseville, Calif., credited growth in both interest and noninterest income. Net interest income rose 22% in the fourth quarter, to nearly $2.7 million, and noninterest income rose 56%, to $153,000.
The 5-year-old company is also reporting improved performance ratios, though they are still well below industry averages.
At yearend its return on assets was 0.48%, up 36 basis points from the end of 2004. Its return on equity rose 381 basis points, to 5.03%.
