First American Capital Bank in Laguna Beach...

First American Capital Bank in Laguna Beach reported net income of $153,000 for the second quarter, a nearly sevenfold increase over $23,000 earned in last year’s second quarter. Revenue rose 24% to $931,000 million this year from $752,000 last year. The bank posted net income of $189,000 for the first six months, nearly triple the $67,000 earned in the same period last year. Revenue rose 21% to $1.7 million for the first six months from $1.4 million in the same period last year. Total assets grew 3% to $24.6 million at the end of June from $24 million a year earlier. Total deposits rose 6% to $22.7 million at the end of the period from $21.5 million a year earlier, while the loan portfolio fell 3% to $17.8 million this year from $18.4 million last year.