San Diego Trust Bank Monday announced its 24th consecutive quarterly profit, reporting third-quarter earnings of $218,000, up 30% from a year earlier.

The $191.7 million-asset bank claims it is the only bank in San Diego County that has posted a profit each quarter for the past six years. Its assets rose 47% from last year.

San Diego Trust's net income for the first nine months jumped 44%, to $626,000, from a year earlier.

The bank's capital ratios were more than double the minimum requirements to be considered well capitalized. Its total risk-based capital ratio was 22.49% on Sept. 30.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.