Centennial Beneficial Corp., a multibank holding company...

Centennial Beneficial Corp., a multibank holding company in Orange, reported net income of $542,000 for the third quarter, a 21% increase over $448,000 earned in last year’s third quarter. Quarterly revenue rose 30% to $11.4 million from $8.8 million last year. For the first 9 months, the company posted net income of $1 million, nearly double the $514,000 earned in the same period last year. Total revenue grew 26% to $31.2 million in the first nine months from $24.7 million in the same period last year. The company’s total assets rose 24% to $380.3 million at the end of September from $307.7 million a year earlier. Total deposits grew 26% to $335.9 million at the end of the period from $267.4 million a year earlier, while total loans rose 24% to $309.9 million from $249.1 million a year earlier. Among the financial institutions owned by Centennial is Sunwest Bank in Tustin.