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American Commerce National Bank in Anaheim reported...

American Commerce National Bank in Anaheim reported record quarterly net income of $491,000 for the first quarter, a 22% increase over $403,000 in earnings for last year’s first quarter. Quarterly revenue grew 17% to $2.8 million this year from $2.4 million last year. At the end of March, the bank’s assets were $83.2 million, a 7% increase over $77.8 million in assets a year earlier. The bank’s total deposits rose 7% to $75.9 million at the end of the period from $71.2 million a year earlier, while total loans fell 3% to $58.4 million from $60.4 million last year.


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