Pacific National Bank: The Newport Beach bank,...

Pacific National Bank: The Newport Beach bank, a wholly owned subsidiary of PNB Financial Group, reported record net income of $2.1 million, or 91 cents a share, for 1995, contrasted with a net loss of $1.1 million, or 59 cents a share, for 1994. For the fourth quarter, net income totaled $562,000, compared with $40,000 for the year-ago period. The bank said its improved earnings were a result of a decrease in operating expenses, an increase in the bank’s net interest margin and an increase in volume at the bank’s residential mortgage operation. As of Dec. 31, 1995, the bank’s total assets were $173.7 million, up 13% from $153.9 million as of Dec. 31, 1994.