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SCVNews com | Mission Valley Bank Releases 2Q Earnings

Mission Valley Bancorp announced Monday a net income of $1.6 million, or $0.48 per diluted share, for the second quarter of 2021, compared to net income of $398 thousand, or $0.12 per diluted share, for the second quarter of 2020. Net income for the six months ended June 30, 2021 was $2.4 million, or $0.73 per diluted share, compared to $1.2 million, or $0.38 per diluted share for the six months ended June 30, 2020. Second Quarter 2021 Highlights Net income for the second quarter of 2021 was $1.6 million, an increase of $1.2 million, or 291.46%, compared to net income of $398 thousand for the second quarter of 2020. Diluted earnings per share was $0.48 per share for the second quarter of 2021 compared to $0.12 per share for the second quarter of 2020.

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