Liberty National Bank Posts Record Earnings
- Share via
Liberty National Bank in Huntington Beach posted record second-quarter net income of $252,658, contrasted with net of $144,515 in last year’s second quarter. Its six-month net income of $401,728 also was a record. Last year, it earned $255,816 in the same period.
Philip S. Inglee, president, predicted that net earnings would reach a record for the year.
The two-branch bank reported total assets of $105.4 million at the end of June, a 12.4% increase over $93.8 million a year earlier. Total deposits rose 17.7% to $97.3 million at the end of the month from $82.7 million a year earlier, and the loan portfolio grew slightly to $65.3 million from $62.1 million.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
In “Rebuilding Los Angeles,” Kate Cagle explores the aftermath of L.A.’s recent wildfires, examining systemic failures and innovative recovery efforts while sharing inspiring stories of community resilience in the face of climate change.
Madison McGhee and Andie Cassette talk about the correlation between love, lust, and crime on this week’s bonus episode.
In Nevada, Sammy Roth and botanist Naomi Fraga view the endangered Tiehm’s buckwheat, a flower obstructing a lithium mine crucial for the clean energy transition.
