Bank’s Figures Improve

Orange National Bancorp, parent company of Orange National Bank, said net income for the fourth quarter reached a record $897,000, or 46 cents a share, a 27% increase from $705,000, or 36 cents a share, for the 1996 fourth quarter.

Net income for 1997 advanced 45% to $3.2 million, or $1.62 a share, from $2.2 million, or $1.13 a share, for the previous year. Total assets were up 11% to $242.3 million from $218.5 million.