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Mariners Bank Subsidiary Tallies Healthy Gain in ’85

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Mariners Bancorp said its Mariners Bank National Assn. subsidiary reported 1985 net income of $286,080, up 47% from $195,018. The closely held San Clemente company said the bank’s total assets rose to $27.3 million, from $23 million, and that its ratio of capital to assets was 8.26% at year’s end. The bank attributed most of its gains to growth in small-business deposit accounts. Mariners Bank specializes in providing financing for businesses and for custom home construction.

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