Orange National Bancorp: The Orange-based parent company...

Orange National Bancorp: The Orange-based parent company of Orange National Bank said net income for 1996 totaled $2.2 million, or $1.13 a share. That was down 12% from the $2.5 million, or $1.30 a share, for 1995, which included a one-time gain of $230,000 from an accounting change.

Fourth quarter net income rose 7% to a record $705,084, or 36 cents a share, from $659,664, or 34 cents a share. Total assets increased 5% to $218.5 million as of Dec. 31 from $207.9 million a year ago.