Valencia National Bank reported a more than twofold increase in earnings for the first quarter that ended March 31.
The three-branch bank, based in Santa Clarita, reported net income of $117,154 for the first quarter, compared with $51,766 in the same three-month period a year earlier. Total assets increased to $77.1 million as of March 31, up slightly from $76.4 million a year earlier.
