Dana Niguel Bank in Dana Point reported...

Dana Niguel Bank in Dana Point reported net income of $459,000 last year, a 22% increase over $377,000 earned the previous year. Annual revenue grew 26% to $4.9 million last year from $3.9 million in 1987. For the fourth quarter, the bank earned $198,000, a 96% increase over $101,000 in the last quarter of 1987. Quarterly revenue rose 50% to $1.5 million last year from $1 million in 1987. The bank’s assets at the end of December were $43.4 million, an 18% increase over $38.8 million in assets a year earlier. Total deposits rose 18% to $39.8 million at the end of the year from $33.8 million a year earlier, while total loans grew 38% to $27.8 million from $20.2 million.