AltaPacific Bancorp reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, interest income was $2.7 million against $3.1 million for the quarter ended September 30, 2012. Net interest income was $2.4 million against $2.8 million for the quarter ended September 30, 2012. Pretax income was $0.2 million against $0.6 million for the quarter ended September 30, 2012. Net income was $0.2 million against $0.3 million for the quarter ended September 30, 2012.

For the year, interest income was $10.8 million against $5.7 million last year. Net interest income was $9.8 million against $5.2 million last year. Pretax income was $2.5 million against $0.7 million last year. Net income was $1.8 million against $0.3 million last year. In February 2012, the company merged with Stellar Business Bank. In connection with the merger, the company recorded a one time bargain purchase gain totaling $936,000. Excluding the effect of this one time event, year-to-date net income for the company would have totaled $895,000.