Charlotte-based Bank of Commerce reported Tuesday a first quarter profit of $69,000 -- up 48 percent from the same time period last year as executives say business is picking up.
"Over the past few months we have seen an increase in business activity: and, as a result, more lending opportunities," CEO Wes Sturges said in a statement. " We are pleased to be able to report both loan growth and increased profitability for the quarter."
The bank's loan book grew about 3 percent since the end of the year, to $92 million, as total assets fell.
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