A locally owned bank has once again reported a profitable quarter. This is the 17th successive quarter of record quarterly earnings for Lighthouse Bank. The Santa Cruz based bank posted a profit of $653,000 for the quarter ending on September 30th. The numbers are up 17% from the previous quarter and up 43% from a year ago. Shareholder’s equity was also up 3% from the quarter and up 9% compared to this quarter a year ago, while earnings totaled 31-cents per-share for the quarter, compared to 21-cents per-share last year.
