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Marine National Bank in Irvine posted net...

Marine National Bank in Irvine posted net income of $71,279 for the third quarter, a turn-around from last year’s third quarter net loss of $139,337. Quarterly revenue rose 21% to $1.7 million from $1.4 million last year. For the first 9 months, the bank reported net income of $243,898, contrasted with a net loss of $79,034 for the same period last year. Revenue for the period increased 12% to $4.6 million from $4.1 million last year. At the end of September, the bank’s assets were $69.8 million, 29% higher than $54.2 million in assets a year earlier. Total deposits grew 33% to $64 million at the end of the period from $48.3 million a year earlier, while total loans rose 13% to $41.6 million from $36.9 million.


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