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Jefferson Bank officials say the lender turned in a solid financial performance over the past year.
Richard Petitt, chairman and CEO of the bank, attributes the strong performance to a Texas economy that has faired better than the rest of the country, despite the overall fluctuations in the economy.
But Petitt says things could start to change as the stock market begins to strengthen, which could lead to decreased deposits for banks.
"I think the banks' growth will be built around how well the economy does he adds.
Total assets for the bank increased from $531 million as of Sept. 30 of last year to $545 million as of the same time this year. Deposits rose to $408 million, up from $397 million, while loans increased from $267 million last year to $282 million as of Sept. 30, 2003.
The lender's loan-to-deposit ratio is currently at about 69 percent, according to Jefferson officials.
Even with Jefferson Bank's solid numbers, Petitt says the bank has no immediate plans for expansion in the city.
"In the last nine years, we've opened six...