Centennial Beneficial Corp., a multibank holding company...

Centennial Beneficial Corp., a multibank holding company in Orange, reported net income of $186,000 for the second quarter, 22% higher than $152,000 earned in last year’s second quarter. Quarterly revenue grew 21% to $10.2 million this year from $8.4 million last year. For the first six months, net income was $471,000, a sevenfold increase over $66,000 earned in the same period last year. Revenue for the period rose 25% to $19.8 million this year from $15.9 million last year. The company’s assets grew 24% to $372.6 million at the end of June from $300.3 million a year earlier. Total deposits at its three banking subsidiaries--Sunwest Bank in Tustin, Heritage Thrift & Loan in Brea and Sacramento First National Bank--rose 27% to $330.5 million at the end of June from $260.9 million a year earlier. Total loans at its banking units and remaining subsidiaries--Centennial Beneficial Mortgage in Orange and Centennial Leasing in Tustin--grew 26% to $293.8 million at the end of June from $232.3 million a year earlier.