Marine National Bank in Santa Ana posted...
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Marine National Bank in Santa Ana posted net income of $454,473 last year, a 13-fold increase over $34,814 earned the previous year. Annual revenue grew 19% to $6.5 million last year from $5.5 million in 1987. For the fourth quarter, the bank earned $212,600, a 90% increase over $111,864 in the last quarter of 1987. Quarterly revenue rose 35% to $1.9 million last year from $1.4 million in 1987. The bank’s assets at the end of December were $82 million, a 40% increase over $58.7 million in assets a year earlier. Total deposits rose 43% to $76 million at the end of the year from $53.2 million a year earlier, while total loans grew 8% to $39.6 million from $36.5 million.
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