Earnings for Redwood Capital Bancorp (RWCB) Soar 70%
Redwood Capital Bancorp is the only locally owned and operated community bank holding company in Humboldt County, California. The company today announced unaudited financial results for the three and twelve month periods ended December 31, 2011. Total assets as of the end of 2011 were $241.7 million, a slight gain of 1% from September 30, 2011 and a sharp increase of 13% since December 31, 2010. Total deposits stood at $216.8 million at the end of 2011, which was again a 1% rise from the September quarter and a solid 12% gain from December 31, 2010. Total loans rose a…