Torrey Pines Group, the parent company of Torrey Pines Bank, reported that net income rose by 5%, to $826,000, for the third quarter ended Sept. 30, up from $787,000 during the like quarter a year ago. Net income for the nine-month period ended Sept. 30 rose by 20.5%, to $1.8 million, up from $1.5 million the year before.
Assets rose by 28% to $41 million on Sept. 30, up from $32 million the previous year. Total loans rose by 21.3%, to $273 million, up from $225 million a year ago. Total deposits rose by 24.5%, to $380 million, up from $306 million a year ago.