First American Capital Bank: The Laguna Beach-based...

First American Capital Bank: The Laguna Beach-based bank reported that net income for 1989 declined 20%, to $470,000. Net income for 1988 totaled $589,000, which included some loan loss recoveries. Revenue increased 17%, to $4.5 million from $3.8 million. Fourth-quarter net income rose 35%, to $136,000 from $101,000 for the like 1988 period. Revenue was up 22%, to $1.3 million from $1 million.