Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced its 2006 fourth quarter and year-end financial results.
The Bank reported that quarterly revenue was $1,799,679 in the fourth quarter, an increase of 42%, or $535,284, over the $1,264,395 of revenue in the fourth quarter of 2005. This increase contributed to the Bank’s net income of $117,609, up from $102,189 in the previous quarter, an increase of 15%.