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American Commerce National Bank in Anaheim posted...

American Commerce National Bank in Anaheim posted record third-quarter net income of $439,000, a 35% increase over $326,000 in earnings in last year’s third quarter. Quarterly revenue rose 19%, to $2.5 million this year from $2.1 million last year. For the nine months, the bank reported net income of $1.2 million, a 44% increase over $835,000 in earnings in the same period last year. Revenue for the period rose 20%, to $7.1 million this year from $5.9 million last year. The bank’s assets at the end of September were $83.5 million, a 12% increase over $74.3 million a year earlier. Total deposits rose 11%, to $75.5 million at the end of the period from $68 million a year earlier, while total loans rose 19%, to $65.4 million this year from $55 million last year.


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