Eldorado Bancorp in Laguna Hills, holding company...

Eldorado Bancorp in Laguna Hills, holding company for Eldorado Bank in Tustin, reported record net income of $3.3 million for last year, a 41% increase over $2.3 million of the previous year. Revenue climbed 21% to $25.9 million from $21.4 million the previous year. For the fourth quarter, the company’s net income was $895,000, an increase of 65% over $544,000 earned in the last quarter of 1987. Quarterly revenue rose 27% to $7 million from $5.5 million in 1987’s last quarter. The company’s total assets increased 26% to $250.4 million at the end of December from $199 million a year earlier. Part of the growth was attributed to the acquisition in May of American Merchant Bank in Newport Beach. The bank’s total deposits grew 24% to $220.5 million at the end of the year from $178 million a year earlier, while its loan portfolio increased 35% to $163.1 million from $120.7. The company recently announced a 10% stock dividend to shareholders of record today.