Pacific National Bancorp, a holding company for...

Pacific National Bancorp, a holding company for Pacific National Bank in Newport Beach, posted net income of $139,000 for the third quarter, double the $68,000 earned in last year’s third quarter. Quarterly revenue rose 5% to $2.2 million from $2.1 million for the period last year. For the first 9 months, the company reported net income of $105,000, down 56% from $239,000 earned in the same period last year. Total revenue grew 2% to $6.1 million in the first 9 months from $6 million in the same period last year. The lower 9-month earnings were attributed to the start-up of a bank branch in the Irvine Spectrum business park and the realignment of a mortgage brokerage operation. The company’s total assets rose slightly to $97.4 million at the end of September from $97 million a year earlier. Total deposits fell slightly to $85.8 million at the end of the period, from $86 million a year earlier; total loans rose slightly to $47.7 million from $47.5 million a year earlier.