TotalBank reports second quarter earnings
07/30/2014 5:59 PM
07/30/2014 6:00 PM
TotalBank on Wednesday reported second quarter net income of $3 million, down 35 percent from $4.6 million for the same period of 2013, as a result of $5 million of non-recurring securities gains recognized in the prior year.
The Miami-based bank said it closed on $92 million in new loans during the second quarter. Residential loans grew by 8 percent, or more than $35 million during the quarter. Deposits rose $116 million during the past year, up 7 percent.
TotalBank has $2.6 billion in assets and 21 branches throughout Miami-Dade County. The bank is owned by Grupo Banco Popular Español.
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