Viejo Bancorp, the holding company for Mission...
- Share via
Viejo Bancorp, the holding company for Mission Viejo National Bank, reported net income of $415,992 for the third quarter. It lost $474,971 in the third quarter last year. Quarterly revenue more than doubled to $3.6 million, from $1.5 million last year. For the first 9 months, the company earned $1.1 million, an 11% increase over $993,006 earned in the same period last year. Revenue rose slightly to $8.8 million for the first 9 months, from $8.75 million for the same period last year. Total assets climbed 43%, to $77.4 million at the end of September from $54 million a year earlier. Total deposits rose 46%, to $71.5 million at the end of the period from $48.9 million a year earlier. The loan portfolio grew 77%, to $53.2 million from $30 million last year.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.