TotalBank reports higher net income in first quarter

TotalBank’s net income for the first quarter of 2015 rose to $3.74 million, up from $2.25 million in the first quarter of 2014, the Miami-based bank announced Friday.

Loans were up $40 million for the quarter, with $33 million of that growth coming from the bank’s residential mortgage division. The bank has more than $2.7 billion in total assets and operates 19 branches, all in Miami-Dade County.

It is owned by Grupo Banco Popular Español, of Spain.

This story was originally published May 1, 2015 at 6:29 PM with the headline "TotalBank reports higher net income in first quarter."