Community Bancorp reports 42% increase in net income

ESCONDIDO — Community Bancorp Inc., a community bank holding company with $641 million in total assets, today announced record financial results for the quarter and year ended December 31, 2004. Net income increased 42% to $8.4 million in 2004, compared with $5.9 million in 2003. Earnings per diluted share (EPS) increased 20% to $1.71 for the year, compared to $1.42 for 2003. Net income increased 31% in the fourth quarter 2004 to $2.5 million, compared to $1.9 million in the fourth quarter 2003. The fourth quarter 2004 EPS increased 10% to $0.45 per diluted share, compared to $0.41 per diluted...