California Bank Of Commerce reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported interest income of $4,266,000 compared to $3,908,000 a year ago. Net interest income after provision was $3,833,000 compared to $3,674,000 a year ago. Income before tax provision was $1,249,000 compared to $1,213,000 a year ago. Net income was $954,000 compared to $661,000 a year ago. Basic earnings per common share were $0.214 compared to $0.164 a year ago. Income to common shareholders was $926,000 compared to $633,000 a year ago. Return on average assets was 0.84% compared to 0.70% a year ago. Return on average tangible common equity was 8.00% compared to 9.38% a year ago.

For the year, the company reported interest income of $16,186,000 compared to $1,766,000 a year ago. Net interest income after provision was $14,970,000 compared to $12,772,000 a year ago. Income before tax provision was $5,325,000 compared to $4,322,000 a year ago. Net income was $3,367,000 compared to $2,556,000 a year ago. Basic earnings per common share were $0.915 compared to $0.886 a year ago. Income to common shareholders was $3,257,000 compared to $2,446,000 a year ago. Return on average assets was 0.85% compared to 0.72% a year ago. Return on average tangible common equity was 8.79% compared to 9.48% a year ago. Tangible book value per share as at December 31, 2014 was $11.01, up $0.92 or 9% from last year.