Liberty National Bank: The Huntington Beach bank...

Liberty National Bank: The Huntington Beach bank posted record net earnings of $1.6 million for 1989, a 43% jump from the $1.1 million reported for 1988. For the fourth quarter, net income dipped 1% to $424,897 from $429,546. The decline was the result of a one-time expense of $78,000 associated with the company’s capital offering. Total assets rose 19%, to $137.2 million at the end of 1989, from $114.9 million a year earlier.