Dana Niguel Bank Posts Record Gains for Period

Dana Niguel Bank in Dana Point said its second-quarter net income climbed to a record $105,000 from $50,000 in last year’s second quarter. The bank also posted record six-month net income of $205,000, a 45.4% increase from $141,000 in net earnings in the same period last year.

The 5-year-old bank’s assets rose 22.4% to $38.75 million at the end of June from $31.7 million a year earlier. The bank’s total deposits grew 35.1% to $35.8 million at the end of June from $26.5 million a year earlier, while its loan portfolio increased 9.5% to $19.6 million from $17.9 million.