SDNB Financial Corp., parent company of San...
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SDNB Financial Corp., parent company of San Diego National Bank, reported that net income rose by 21.9%, to $178,000, for the first quarter ended March 31, up from $146,000 during the previous first quarter. SDNB’s total assets rose by 7.8%, to $146.5 million, up from $135.9 million a year ago.
San Diego National Bank reported that net income rose by 5.6%, to $281,000, up from $266,000 during the previous first quarter. Deposits rose by 7%, to $117 million, and total loans rose by 6.2%, to $79.1 million, up from $74.5 million. The bank’s assets rose by 8%, to $130.7 million, up from $121 million during the previous first quarter.
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