Liberty National Bank
The continued successes of its private commercial lending and Small Business Administration loan programs helped Liberty National Bank of Huntington Beach boost 1984 earnings to $530,632, a 12.3% increase from $472,484 posted a year earlier, the bank reported late last week.
Liberty was the six largest SBA lender of all commercial banks in the nation last year, according to Philip S. Inglee, president of the 2 1/2-year-old bank.
The bank ended 1984 with $80.4 million in assets, up 36% from the $66.2 million reported for the year before, ended Dec. 31, 1983. Liberty’s loan portfolio totaled $49.6 million at the end of 1984, a 24% increase from the $39.7 million total posted in 1983.
Liberty’s capital-to-assets ratio was 7.84%, far above the 6% minimum set by the Federal Deposit Insurance Corp.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
