Sunwest Bank in Tustin posted net income...
Sunwest Bank in Tustin posted net income of $508,000 for the first quarter, a 68% increase over $303,000 in last year’s first quarter. Quarterly revenue grew 35%, to $7 million this year from $5.2 million last year. The bank’s assets were $249.7 million at the end of March, a 24% increase over $200.7 million in assets a year earlier. Total deposits rose 26%, to $226.2 million at the end of the period from $180.1 million a year earlier, while total loans grew 24%, to $192.7 million from $155.1 million.
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