Despite a second quarter earnings loss, Manhattan Bancorp saw its shares rise sharply Wednesday as the bank holding company reported a growing deposit base, strong capital levels and a healthy loan portfolio.

The El Segundo parent of the Bank of Manhattan reported a loss of $1.27 million (32 cents per share), slightly narrower than $1.32 million (33 cents) loss in the same period last year.

Deposits rose 45 percent to $87 million with the bank’s total risk‐based capital ratio pegged at 23.6 percent, well in excess of the level to be considered well capitalized. The bank also said it has no past-due or nonperforming loans.

Chief Executive Deepak Kumar said in a statement that the bank has a strategic plan to grow both its commercial and consumer business, including by introducing mortgage loans.

“We spent a good part of the second quarter right-sizing the business and building platforms and controls necessary to support our future growth,” Kumar said in the statement.

Shares gained $1, or 22 percent, to close at $5.50 in over-the-counter trading.