Torrey Pines Group, the parent company of...

Torrey Pines Group, the parent company of Torrey Pines Bank, reported that net income rose by 7.2% to $1.1 million for the fourth quarter ended Dec. 31, up from $1 million during the previous fourth quarter. Net income for the year rose by 15% to $2.9 million, up from $2.6 million the previous year.

Assets rose by 16% to $399 million, up from $344 million the previous year. Total loans rose by 5% to $256 million, up from $251 million. Deposits rose by 16% to $366 million, up from $315 million.