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Bank of Anaheim posted net income of...

Bank of Anaheim posted net income of $521,631 last year, a 73% increase over earnings of $301,831 in the previous year. Revenue rose 25% to $4 million last year from $3.2 million the previous year. For the fourth quarter, the bank reported net income of $162,046, a 28% increase over $126,842 in earnings for the final quarter of 1987. Quarterly revenue grew 23% to $1.2 million from $978,523 in the last quarter of 1987. The bank’s assets increased 15% to $46.2 million at the end of December from $40.3 million a year earlier. Total deposits rose 14% to $42.4 million at the end of the year from $37.2 million a year earlier, while total loans grew 18% to $23.1 million from $19.5 million the previous year.


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