Sunwest Bank in Tustin posted net income...

Sunwest Bank in Tustin posted net income of $1.5 million last year, a 74% increase over the $864,000 in earnings posted for the previous year. Annual revenue last year rose 27% to $22.9 million from $18 million for the previous year. For the fourth quarter, the bank reported net income of $527,000, a fourfold increase over the $128,000 earned for the last quarter of 1987. Quarterly revenue grew 29% to $6.3 million from $4.9 million over the last quarter of 1987. Sunwest had assets of $232.7 million at the end of December, a 24% increase over the $187.2-million figure for the year before. Total deposits were up 31% to $210.4 million at the end of the year from $160.3 million at that time a year earlier, while total loans grew 19% to $186.2 million from $156.6 million a year earlier.