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Dana Niguel Bank posted its highest quarterly...

Dana Niguel Bank posted its highest quarterly earnings, with net income of $153,000 for the third quarter, more than double the $73,000 earned in last year’s third quarter. Quarterly revenue rose 30%, to $1.3 million this year from $1 million last year. For the nine months, the bank reported net income of $261,000, down 5% from $276,000 earned in the same period last year. Revenue for the period rose 21%, to $3.5 million this year from $2.9 million last year. The bank’s total assets grew 10%, to $41.6 million at the end of September from $37.8 million a year earlier. Total deposits rose 14%, to $38.5 million at the end of the period from $33.9 million a year earlier, while total loans rose 26%, to $24.9 million this year from $19.7 million last year.


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