3rd Quarter Profits Up for Landmark Bank

Landmark Bank in La Habra reported third quarter profits of $261,000, an 18% increase over the $221,000 earned last year. Profits for the first nine months hit $669,000, a 22.7% increase over earnings of $546,000 for the same period last year.

As of Sept. 30, Landmark’s assets were $110 million and its capital and reserves totaled $9.68 million, giving it a capital-to-asset rate of 8.8%. Federal regulators, who use the rate as a check on a bank’s soundness, require banks to maintain a 7% rate.