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Orange National Bancorp, the holding company for...

Orange National Bancorp, the holding company for Orange National Bank in Orange, posted net income of $327,274 for the third quarter, a 22% increase over $267,642 earned in the same quarter last year. Quarterly revenue rose 25% to $3.5 million from $2.8 million last year. For the first nine months, the company reported net income of $881,000, a 27% increase over $694,000 earned in the same period last year. Revenue grew 19% to $9.5 million for the period from $8 million last year. Company assets were $146.4 million at the end of September, a 19% increase over $123.1 million in assets a year earlier. Total deposits at the bank rose 20% to $133.1 million at the end of the period from $110.9 million a year earlier, while total loans grew 15% to $91.1 million from $79.2 million last year.


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