California Community Bank, based in Escondido and with four branches, reported July 28 that it had second quarter net income of $212,000 compared with net income of $338,000 for the like quarter of 2010.

For the six months, Cal Community reported net income of $381,000, down from $598,000 for the first half of 2010.

The lower earnings were due to higher income taxes the bank paid this year.

At June 30, the bank held $235.7 million in assets, up 8 percent from the like period of last year. Total loans were at $154 million, down slightly from $158.5 million at the same time last year. Deposits stood at $209.7 million, compared with $190.8 million in the prior year’s halfway mark.

CEO Larry Hartwig said the bank continues to seek out quality loan growth but opportunities are limited given the sluggish economy.

Capital ratios are all above levels to be regarded as well-capitalized with total risk-based capital at 16.02 percent compared with 14.06 percent for the second quarter of 2010.

— Mike Allen