Orange National Bancorp: The Orange-based parent company...

Orange National Bancorp: The Orange-based parent company of Orange National Bank reported first-quarter net income of $874,000, which included a gain of $900,000 from an accounting change, compared to net income of $246,000 for the 1990 quarter. Revenue rose 3%, to $4 million from $3.9 million. Total assets increased 3%, to $168.5 million from $163.8 million.