Advertisement

Mariners Bancorp, the holding company for Mariners...

Mariners Bancorp, the holding company for Mariners Bank in San Clemente, reported net income of $468,152 last year, a 35% increase over $347,345 in earnings in the previous year. Annual revenue rose 29% to $5.4 million last year from $4.2 million the previous year. Fourth quarter figures were unavailable. The company’s assets were $53.8 million at the end of December, a 31% increase over $41 million in assets a year earlier. Total deposits grew 32% to $50 million at the end of the year from $37.9 million the previous year, while total loans rose 28% to $34.1 million from $26.6 million a year earlier.


Advertisement