Presidio Bank annual net income down

Presidio Bank has announced that net income for the year ended December 31, 2012 was $1.29 million, or $0.18 per share, compared to $6.05 million, or $1.22 per share, for the year ended December 31, 2011.

Net revenues for 2012 were $14.48 million, compared to $13.94 million for the year 2011. Net income before taxes for 2012 was $2.27 million, compared to $1.99 million for the year 2011.

Total assets as of December 31, 2012 were $405.46 million, compared to $357.35 as of December 31, 2011.

"I am extraordinarily proud of the teamwork that produced these results," said Presidio Bank Chairman and Founder, Jim Woolwine. "To book essentially a year's worth of loan volume in the course of a quarter was a great way to finish 2012 and start 2013 with terrific momentum."