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StumbleBank’s profit improves
Tuesday, Jan. 13, 2004 | 11:09 a.m.
Henderson-based Silver State Bancorp reported fourth-quarter net income of $1.4 million, or 98 cents per share.
The results represent a 36 percent improvement over the $995,000, or 76 cents per share reported for the same 2002 quarter. The company, which operates eight Silver State Bank branches in Southern Nevada, reported loans and other assets at the end of the quarter of $490 million.
Tod Little, Silver State's chief executive, said the results were driven by by higher-than-expected demand in both the Small Business Administration and conventional loan departments.
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