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Earnings

January 12, 1988

American Commerce National Bank in Anaheim posted a record $858,000 net income for last year, a 49.2% increase over $575,000 earned in 1986. The bank reported a $23,000 net income for the fourth quarter, the same as the previous year's final quarter. Assets at the end of December were $75.6 million, a 9% increase over $69.3 million in assets a year earlier. Total deposits at the end of the year rose 6.9%, to $69.3 million from $64.8 million, while total loans grew 11%, to $56.1 million from $50.5 million.

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