Bank of Commerce reported that net income...

Bank of Commerce reported that net income rose by 108%, to $505,000, for the first six months of 1988, up from $242,000 during the first six months of 1987. Assets rose only slightly, to $85.3 million, from $85 million a year earlier, and net loans fell from $61.7 million to $53 million.

President Peter Q. Davis linked the increase in net income to “an overall improvement in operational efficiency and improved profitability from the bank’s lending programs.”