SAN DIEGO COUNTY - News from Jan. 20, 1989
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* SDNB Financial Corp., the parent company of San Diego National Bank, reported Thursday that net income rose by 125% to $524,000 for the fourth quarter ended Dec. 31, up from $233,000 in the corresponding period a year earlier. Net income rose by 52% to $989,000 for the year, up from $651,000 the previous year.
Fourth-quarter earnings for the bank rose by 67% to $605,000, up from $363,000 for that quarter the previous year. Year-end earnings for the bank rose by 33% to $1.4 million, up from $1 million a year earlier. Deposits rose by 3% to $132.3 million, up from $128.2 million the previous year. Loans rose by 12% to $85.1 million, up from $75.8 million.
Total assets for the parent company rose by 4% to $164.9 million, up from $159.2 million. Bank assets rose by 4% to $149.7, up from $144 million the previous year.
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