Eldorado Bancorp, holding company for Eldorado Bank, reported record first quarter net income of $568,000, up 56% from $364,000 a year earlier.
Total assets for the Tustin-based holding company were $185 million on March 31, up 5.7% from $175 million a year earlier. The bank reported deposits at the end of the quarter were $167.25 million, up 5.8% from the year-earlier $158.1 million. Shareholders' equity on March 31 totaled $14.7 million.
Eldorado Bancorp, through its principal subsidiary, Eldorado Bank, operates banking offices in Orange, Riverside and San Bernardino counties and recently opened a loan production office in Victorville.