TotalBank on Wednesday reported $43 million in fourth quarter earnings, which included a one-time tax benefit of $41million. The results compared to a loss of $358,000 in the fourth quarter of 2011.
For the full year, the bank earned $52.5 million, an increase of $48.3 million from 2011.
Miami-based TotalBank has $2.3 billion in assets and 19 branches in Miami-Dade County. In 2012 the bank said it opened two branches in Pinecrest and West Miami, and it plans to build two additional locations in Doral.
INA PAIVA CORDLE