PNB Financial Group: The Newport Beach holding...

PNB Financial Group: The Newport Beach holding company for Pacific National Bank posted first quarter net income of $698,000, or 30 cents a share, up from the $218,000, or 10 cents a share, for the same period in 1995. the company said the increase was primarily due to the increase of mortgage loan lending activity. Total assets increased 20% to $179 million from $149.1 million.