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.

Join the Discussion

Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service