Corporate Bank in Santa Ana posted a...
Corporate Bank in Santa Ana posted a net income of $224,000 for the second quarter, contrasted with just $2,000 earned in the quarter last year. Revenue rose 21% to $1.7 million from $1.4 million for the period last year. Net income for the first six months increased nearly fivefold to $431,000 from $93,000 in the period last year. Revenue rose 18% to $3.3 million from $2.8 million for the same period last year. The bank’s assets jumped 30% to $67.1 million from $51.8 million a year earlier. Total deposits rose 31% to $60.6 million from $46.4 million a year earlier, and total loans grew 31% to $48.7 million from $37.1 million.
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