The Bank Holdings, Reno-based parent of Nevada Security Bank, earned $177,000 in the first quarter compared with $5,000 in the comparable quarter a year earlier.
The company said its' loans totaled $165 million at the end of the quarter compared with $94.6 million a year earlier.
Deposits grew to $220 million from $207 million at the end of the first quarter in 2003.
The loan portfolio includes $72.5 million in lending for commercial real estate, the company reported.
That's up only slightly from the $69.2 million recorded a year ago.
The company said its expenses rose during the quarter as it opened two new branch offices with eight employees during the past year.
Data-processing costs also rose, the company said, as it added branches and provided greater customer access to banking products.
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