Liberty National Bank in Huntington Beach posted...
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Liberty National Bank in Huntington Beach posted net income of $322,056 for the third quarter, a 47% increase over $219,582 earned in the same quarter last year. Quarterly revenue rose 25% to $3.5 million from $2.8 million last year. For the first nine months, the bank reported net income of $690,862, an 11% increase over $621,310 earned in the same period last year. Revenue grew 13% to $9.5 million for the period from $8.4 million last year. The bank’s assets were $108.6 million at the end of September, an 8% increase over $100.5 million a year earlier. Total deposits at the bank rose 7% to $98.5 million at the end of the period from $92 million a year earlier, while total loans grew 21% to $79.8 million from $66 million last year.
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