Riverside-based Security Bank of California (OTC: SBOC) posted earnings of $289,251 for the first quarter ending March 31, more than tripling the $85,220 for the same period of 2007.

Assets totaled $202 million as of March 31, up 46% from a year ago, a news release said. Total deposits rose 61% to $166 million.

The bank was launched in June 2005.

Security Bank has a total of two offices in Riverside and San Bernardino.

California Steel Industries

California Steel Industries Inc. said revenue picked up considerably last quarter amid higher orders and price hikes for the Fontana-based steelmaker.

Sales rose 17% last quarter to $369.2 million from $314 million during the same quarter last year, the company reported. Net income jumped to $9.6 million from $1.3 million.

Despite the stronger numbers, executives told investors and analysts in a conference call they expect 2008 to be a "challenging year."

The company shipped 464,962 tons of steel last quarter, 7% more than during the same period last year.

The company recently implemented a price increase that runs from $100 to $110 per ton of steel. Other price increases are planned for the year to keep up with the rising demand for steel.

CVB Financial Corp.

CVB Financial Corp. (Nasdaq: CVBF), the Ontario-based holding company for Citizens Business Bank, reported earnings of $16.2 million for its first quarter, which ended March 31. A news release said that was an increase of 6.8% from $15.1 million in the same period of 2007.

The company reported total assets of $6.37 billion at the end of the quarter, up 6.3% from a year ago. Total deposits rose 0.8% to $3.63 billion.

Chino Commercial Bancorp

Chino Commercial Bancorp (OTC: CCBC) reported a 76.7% decline in net income in the first quarter compared with the same period a year earlier.

The parent of Chino Commercial Bank posted net earnings of $41,471, a 76.7% reduction from $177,783 for the first quarter of last year. In a release, the bank attributed the change to an increase to its loan loss reserves of $234,631.

Net income was 6 cents per share for the first quarter compared with 23 cents per share last year.

While no specific losses initiated the move, it is a "proactive and conservative approach to credit quality," President Dann H. Bowman said in the release.

Chino Commercial Bank saw assets slip $7.8 million, or 9.7% to $72.2 million during the first quarter of 2008. The Press-Enterprise contributed to this report.