SDNB Financial Corp., the parent company of...

SDNB Financial Corp., the parent company of San Diego National Bank, reported that net income rose 21.9% to $178,000 for the first quarter ended March 31, compared with $146,000 during the same quarter a year ago. SDNB’s total assets rose 7.8%, to $146.5 million, up from $135.9 million.

San Diego National Bank reported that net income for the first quarter rose 5.6% to $281,000, up from $266,000. Deposits rose 8%, to 117 million, up from $108.6 million during the previous first quarter. Loans rose 6.2%, to $79.1 million, up from $74.5 million.

SDNB declared a 9% stock dividend to be paid May 6 to shareholders of record on April 12.