Bank of Yorba Linda: The Yorba Linda...

Bank of Yorba Linda: The Yorba Linda bank reported record net income of $1.2 million, or $1.40 a share, for 1996, 20% higher than the $1 million, or $1.85 a share, for 1995. The bank said net income for 1996 was reduced by about $118,000 after tax due to one-time costs related to the acquisition of the Bank of Westminster on June 14 and a public offering of the bank’s common stock. Fourth-quarter net income increased 25% to $386,000, or 32 cents a share, from $309,000, or 55 cents a share. Total assets rose 95% to $116.7 million from $59.8 million.