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SAN DIEGO COUNTY EARNINGS

First National Corp.'s Earnings Off by 27%

January 24, 1986|BILL RITTER and GREG JOHNSON

First National Corp., the parent company of First National Bank, reported that "occupancy costs" associated with the bank's downtown office headquarters building dragged earnings down by 27% to $533,000 for the fiscal year ended Dec. 31. Earnings rose 102% to $148,000 for the fourth quarter.

Assets grew 33%, to $136.8 million, and deposits increased 41%, to $83.4 million. Net loans increased 23%, to $98.2 million.

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