Advertisement

Orange National Bancorp, the holding company for...

Share

Orange National Bancorp, the holding company for Orange National Bank in Orange, posted net income of $340,000 for the second quarter, a 29% increase over $263,000 earned in last year’s second quarter. Quarterly revenue rose 31% to $4.1 million this year from $3.1 million last year. For the first six months, the company reported net income of $728,000, a 43% increase over $509,000 in the same period last year. Revenue for the period grew 33% to $8 million this year from $6 million last year. The company’s assets were $151.5 million at the end of June, an 8% increase over $140.1 million in assets a year earlier.

Advertisement