Lincoln Bancorp Reports 13% Rise in Net Income

Lincoln Bancorp, the Encino parent of Lincoln National Bank, said its net income for the second quarter that ended June 30 jumped 13% to $1.81 million from $1.6 million a year earlier. The bank’s assets soared 35% to $533 million as of June 30, from $396 million a year before.

For the six months, Lincoln’s profit was $3.43 million, up 14% from $3 million in the same period a year ago.